article thumbnail

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

Epicflow Blog

The aerospace engineering sector deals with mostly large and complex projects. 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. . Project management risks.

article thumbnail

Artificial Intelligence and Project Management: The First Step

The IIL Blog

Two months after ChatGPT’s debut, Microsoft introduced on its Bing internet search engine a similar chatbot, and has announced its “everyday AI companion”, Copilot. Risk Management. Effective risk management has to be proactive. Human Capital Optimization.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Epicflow at PM Congress 2019 in the Netherlands

Epicflow Blog

Our researchers have spent years making project management simple and efficient. At the Project Management Congress 2019 on April 12 in Delft, the Netherlands, Jan Willem Tromp , a PM researcher and co-founder of Epicflow, gave a presentation on ways to reduce the complexity of managing multi-project environments.

2019 75
article thumbnail

7 Gantt Chart Tools to Test in 2019

Epicflow Blog

What Is Gantt Chart Software and Why Is It Significant for Project Management? Every project manager faces challenges of overload, time limitations, project slippage, and bottlenecks. Modern software for project management applies Gantt charts to monitor, control, and plan project tasks. Selecting Software for Comparison.

2019 78
article thumbnail

Make Sure You Don’t Build High Performing Teams Just to Deliver Wrong Things Faster

Scrum.org

Furthermore, a short cycle is “a frequency that is short enough to reduce the risk of spending time on the wrong solution for too long (also known as a waste of money)”. Powerpoint presentations or RAG status reports to monitor the state of delivery are more to manage stakeholder expectations than dealing with reality. Yes, they are.

article thumbnail

Cost-Plus Contract: How to Use One

ProjectManager.com

The engineering industry comes in at a close second. The old saying is true: no risk, no reward. They mean expenses go down with prices: While a cost-plus contract might seem like a big risk (employers agreeing to cover all expenses) this agreement ensures that employers will be charged fairly. What are the Advantages?

article thumbnail

2019 Epicflow Multi-Project Management Features

Epicflow Blog

For about 10 year history of existence, Epicflow multi-project management software regularly gets updates and enhancements to make its users’ life easier and business more effective. We’ve prepared a list and description of new features released so far in 2019. What’s New in Project Management? Project and Group Risk Factor.

2019 40