article thumbnail

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

Epicflow

Competition at the domestic and international markets. Large aerospace companies (Boeing, Airbus, Lockheed Martin, and more) hold a significant market share, which poses additional challenges for smaller players in terms of their competitiveness on the market. . Effective Risks Management in Aerospace Engineering Companies .

article thumbnail

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

Epicflow

Meeting the increasing demand under conditions of ongoing resource shortage is a challenge for manufacturing project management. Uncertainty There are various sources of uncertainty in manufacturing: inflation, ongoing supply chain challenges, geopolitical tensions, changing market demands, and even the latest technology adoption.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Impact of Carbon Taxation on Supply Chains in China

Comatch

As the effects of climate change grow more and more visible, and the world has become determined to take rapid action, there are significant risks and opportunities for European companies with supply chains in China. ” Based on this long-term temperature goal, participating countries committed to achieving net-zero emissions by 2050.

article thumbnail

Creating a Risk Register: All You Need to Know

Epicflow

At the same time, it’s not something that can be done once and left aside: it should be updated every time a risk-bearing event appears on the horizon. A risk log should be shared with all project stakeholders and team members and reviewed at every team meeting not to miss any important updates. . How to Create a Risk Register?

article thumbnail

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

Epicflow

Risk Analysis: Essential Components A risk is an event or circumstance with either a positive or negative effect on a project. Risk Analysis: Essential Components A risk is an event or circumstance with either a positive or negative effect on a project. So, what do you need for an efficient risk analysis?

article thumbnail

Make “Fairness by Design” Part of Machine Learning

Harvard Business

Machine learning is increasingly being used to predict individuals’ attitudes, behaviors, and preferences across an array of applications — from personalized marketing to precision medicine. ” A chatbot trained using Twitter was shut down after only a single day because of its obscene and inflammatory tweets.

Data 35