article thumbnail

Managing Risks and Controlling Projects: How Data-Driven Project Management Come in Useful for Multi-Project Environments

Epicflow

This article is inspired by the webinar featuring Epicflow co-founder Jan Willem Tromp and professor Mario Vanhoucke based on his latest book “The Illusion of Control: Project Data, Computer Algorithms and Human Intuition for Project Management and Control”. So, what do you need for an efficient risk analysis?

article thumbnail

The Ultimate Guide to Manufacturing Project Management: Best Practices and Strategies

Epicflow

The solution lies in intelligent project and resource management. Read the article to gain insight into the specifics of manufacturing project management and learn useful recommendations on the effective orchestration of projects in the industry. Increased use of technologies and related risks Industry 4.0

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Main Risks of Aerospace Engineering Projects: How to Implement Wise Risk Management into Your Organization

Epicflow

When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . So, the importance of risk management cannot be overestimated – it’s better to stay ahead of all possible threats to your project. . Main Risks Affecting Aerospace Engineering Projects.

article thumbnail

Saving ?osts in a Long-Term Perspective: How a Resource Management Solution Will Help You Gain More in the Long Run

Epicflow

This can be explained by low morale in such companies: their people are usually concerned about the possibility of being laid off, which affects their commitment and productivity. Let’s now examine how improper project and resource management leads to inflated costs and prevents organizations from gaining more profit.

article thumbnail

The Impact of Carbon Taxation on Supply Chains in China

Comatch

It is often also a management decision to be proactive and become a competitive company that spends resources wisely to build shareholder value in the long run. Green finance is becoming increasingly dominant, as long-term investors see environmental risk management as a fundamental success factor in securing long-term returns.

article thumbnail

Hourly Workers Need Flexibility the Most, But Are Often the Least Likely to Get It

Harvard Business

In our recent study , published in the Academy of Management Annals, we analyzed trends across 186 studies, conducted between 2010 and 2015, of work-life flexibility and its impacts. Managers and employees reported higher well-being in these stores. Some have already started.

article thumbnail

How AI Is Changing Contracts

Harvard Business

The main challenge firms face in contracting arises from the sheer number of contracts they must keep track of; these often lack uniformity and are difficult to organize, manage, and update. These firms have generally seen an increase in productivity and efficiency in their contracting. Improved Tools for Managing Contracts.