Epicflow Blog
JUNE 10, 2022
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.
Epicflow Blog
OCTOBER 1, 2022
Let’s dive into the causes for budget overrun in aerospace and defense projects, and consider the ways of preventing them. What causes budget overrun in aerospace and defense projects? . Unrealistic cost estimates. These factors may lead to making unrealistic cost estimates that will inevitably end up as a budget overrun. .
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Epicflow Blog
JANUARY 17, 2022
In the previous article , we’ve reviewed the most prominent trends that are expected to impact the aerospace and defense industry this year. Challenges In the Aerospace & Defense Projects . According to the aerospace and defense industry research , it involves organizations that are defense contractors, commercial ones, or both.
Scrum.org
MARCH 16, 2024
Firehawk Aerospace 3D prints rockets and a solid form of fuel to launch them. Any change forces teams to wait for each other, while generating risks on the overall product quality. The case where interfaces belong to third parties adds another layer of risk to product quality. The company uses only common chemical components.
Herding Cats
MAY 10, 2019
Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. requires making estimates) ? Risk Management Papers. “A
International Institute for Learning
OCTOBER 4, 2022
Gap can also exist for performance improvement expectations such as: Reduction in risk by a certain percentage, cost, or time. Improvement in estimating accuracy by a certain percentage or dollar value. But we view the transitioning risk template as proprietary knowledge not to be shared.”.
ProjectManager.com
JULY 2, 2019
According to NASA, there were an estimated 400,000 people involved in making the moon landing possible. This included teams of scientists, engineers and technicians, many who had not worked in aerospace before. There was no central government and the risk of the new nation falling apart was even more of a concern than it is today!
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