Remove Aerospace Remove Innovation Remove Risk Remove Risk Management
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

Reduce the Risk – Share the Success

International Institute for Learning

By Luigi Morsa , Aerospace Engineer and Project Manager, SII Engineering & IT Risk Management is the act or practice of dealing with risk. Risk Management is important because it is directly connected to the Project Success. Piney, presented at PMI® Global Congress in 2003 (Ref. [3]),

Risk 59
Insiders

Sign Up for our Newsletter

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

article thumbnail

Project Portfolio Management in Aerospace and Defense Organizations: Main Difficulties and Ways to Overcome Them

Epicflow Blog

Managing project portfolios is rather demanding in itself. In the aerospace and defense industry, it’s intensified by the specificity and complexity of the domain. What are the most significant challenges of project portfolio management in aerospace and defense companies? Let’s figure these issues out in the article.

article thumbnail

2022 Aerospace and Defense Industry Trends

Epicflow Blog

Aerospace and defense industry is gradually recovering from the pandemic consequences, but still remains vulnerable as the world hasn’t fully overcome this crisis yet. Nevertheless, this year, the industry is going to focus on implementing innovations and searching for more opportunities for growth.

article thumbnail

Aerospace and Defense Industry 2022: Project Management Challenges and Ways to Address Them

Epicflow Blog

In the previous article , we’ve reviewed the most prominent trends that are expected to impact the aerospace and defense industry this year. In turn, they will affect the way its projects will be managed. Challenges In the Aerospace & Defense Projects . Challenges In the Aerospace & Defense Projects .

article thumbnail

Successful Project Delivery in Aerospace and Defense: Success Criteria

Epicflow Blog

Successful project delivery is the main goal of project management efforts, but what does project success really mean? In aerospace and defense projects, there should be no room for ambiguity regarding the desired outcomes. The importance of defining success criteria for aerospace and defense projects.

article thumbnail

Risk Management Resources

Herding Cats

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. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003.