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

Epicflow Blog

Accordingly, they are more vulnerable to the consequences of risk-bearing events. When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively?

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Project Management and Artificial Intelligence: Bring It On!

The IIL Blog

A recent article in Harvard Business Review described “How AI Will Transform Project Management”. AI and related technologies offer the opportunity to shape-shift the profession. could simplify creating the project schedule and documenting underlying assumptions, constraints, and risks. I say, “Bring it on!”

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Skills Mismatch | What Is It & How to Bridge the Gap

Teamweek

Understanding this mismatch is key to ensuring your team’s talents are used effectively and your business thrives. Common causes for skills mismatches are poorly written job description ads, gaps in the hiring procedures, overemphasizing job experience over skills, and emerging technologies.

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Agile Beyond IT: Lean Thinking

The IIL Blog

It developed the just-in-time delivery model, which freed up working capital. Companies innovate and develop new products. They quickly abandon “bad” ideas and pursue valuable ones. Their teams are more productive, creative, and innovative. At regular intervals, teams review their performance and identify ways to improve.

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5 Reasons Engineers Need to Develop Project Management Skills

LiquidPlanner

Here’s a lesson I’m thankful I learned early in my career: successful engineering projects rely more on non-technical skills than technical skills. It’s not that the technical skills aren’t important – they are. cited that $122 million was wasted for every $1 billion invested due to poor project performance.

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Project Management Statistics: 45 Stats You Can't Ignore

Workamajig

In 2016, PMOs delivered a 33% improvement in projects delivered under budget, 27% improvement in customer satisfaction, 25% increase in productivity, and 25% reduction in failed projects. In 2016, the average PMO accounted for nearly 5% of the project budget and had a staff size of 9. Poor communication (29%). PMSolutions ).

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What makes a great project manager? The 10 most crucial project management skills for 2019 (and how to develop them)

Planio

Risk mitigation. That means communicating with their team and project stakeholders , setting realistic requirements, running meetings , assigning tasks , and managing time, budgets, and expectations. to keep their teams organized, document lessons learned, and manage tasks from start to finish. Leadership. Communication.