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Shop Floor Management: Planning, Scheduling and Control

ProjectManager.com

Manufacturers are no different, except in the areas in which they seek to standardize and streamline their production processes. One method they use is shop floor manufacturing. Shop Floor Planning This step involves the creation of the master production schedule , which informs which manufacturing orders will be made.

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What Is Kanban? Meaning, Definitions & Best Practices

ProjectManager.com

Kanban is a methodology that helps teams of all sizes manage project tasks and workflows by applying tools, principles and practices. The kanban methodology was first developed as a lean manufacturing system to help with production planning , scheduling and control. Any project manager is going to be concerned about reducing cost.

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Best Cost Control Techniques

ProjectManager.com

Whether you’re managing a project in construction or manufacturing, keeping costs down is paramount. The lower your costs, the higher your profits. This is why in project management and business in general cost control is so important. What Is Cost Control? It’s as simple as that. Seek it out.

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What Is Job Costing? When to Use a Costing Sheet (Example Included)

ProjectManager.com

Projects are expensive. There are labor costs, material costs, overhead and operational costs. When a contractor bids on a project or a manufacturer takes on a job, they need to have an accurate forecast of the price for the project to make a profit, which is why job costing is so important.

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Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

We’ll get into the benefits of a schedule of values in a moment, but the use of this project document helps with financial control, payment management, project monitoring and documentation throughout the project. Then add all the line items to get your total project cost.

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Cost Performance Index (CPI) In Project Management

ProjectManager.com

Projects cost money. But what’s harder to discern is if the project is worth the investment. The last thing stakeholders want is to discover the project isn’t financially effective. That’s where the cost performance index comes in. We’ll discuss what the cost performance index does and how it does it below.

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Lean Construction Principles & Best Practices

ProjectManager.com

There’s more than one way to manage a construction project. From the world of manufacturing comes an approach called lean construction. But lean manufacturing and lean construction are two different things. Lean construction adopts the principles and practices of lean manufacturing and applies them to building processes.