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5 Stats You Need to Know from the 2017 State of Project Management in Manufacturing Report

LiquidPlanner

In manufacturing, time is money. But following structured project management methods can help companies reduce delays, stay on budget, and deliver quality products. To learn more about the challenges facing manufacturers today, download the free 2017 State of Project Management in Manufacturing report here.

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A Short History of Project Management

MPUG

Another major project related happening was the growing popularity of value engineering (VE), which was widely used at General Electric. This functioned to help measure the value of alternatives (for example, using cheaper resources and/or materials to reduce project costs or design-to-cost) especially when there was a scarcity of resources.

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Compendium of Works to Increase Probability of Project Success

Herding Cats

These five principles of project success are stated as questions that need to be answered using units of measure meaningful to the decision makers, College of Performance Management , Measurable News, 2017. College of Performance Management , EVM World 2017. EVM World 2017. This uncertainty creates complexity.

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100+ Project Management Statistics & Facts To Remember in 2019

ProProfs Project Management

In the US, there was a 17% increase in project-oriented jobs in the health sector. 80% of federal IT projects were self-described as ‘iterative’ or ‘Agile’ in 2017. 93% of communication service providers are using agile project management methodologies. IT project failure rates range between 5% to 15%.

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Estimates, Forecasts, Projections

Herding Cats

Projections are not a prediction that the population will change in that manner. Projected revenue for GE aircraft engine sales in 2017 was an article in this week's Aviation Week & Space Technology. . A projection simply indicates a future value for the population if the set of underlying assumptions occurs.

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Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Risk Management: A Maturity Model Based on ISO 31000,” Diogo Proença, Joao Estevens, Ricardo Vieira, and José Borbinha, IEEE 19 th Conference on Business Informatics , 2017. 43, December?February

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4 Ways to Measure the ROI of Work Management Tools

Wrike

It can be hard to track the fiscal impact work management has on your day-to-day job operations, but the costs of a poor system can be just as detrimental if left unchecked. Companies lose $97 million for every $1 billion invested in projects ( PMI, 2017 ). Equation: Average project duration: X weeks. X projects per year.