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

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

Epicflow Blog

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? Managing project portfolios is rather demanding in itself. Let’s figure these issues out in the article.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Cost Overrun in Aerospace and Defense: The Main Causes and How to Prevent Them

Epicflow Blog

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? . Improper risk management. For example, the aerospace and defense industry mostly relies on the Waterfall methodology.

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. 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.

article thumbnail

Successful Project Delivery in Aerospace and Defense: Success Criteria

Epicflow Blog

In aerospace and defense projects, there should be no room for ambiguity regarding the desired outcomes. Read the article to learn more about these criteria, and which of them should be applied to assess the success of aerospace and defense projects. . The importance of defining success criteria for aerospace and defense projects.

article thumbnail

Asana vs. Microsoft Project: In-Depth Comparison

ProjectManager.com

If you opt for the business edition, you can set rules to automate processes. Manage Project Resources and Risks If you’re looking for risk management features on Asana, good luck. It’s also easy to create task reminders to help you stay on schedule and its workload balancing is simple to use as well.

article thumbnail

Intaking More Projects in Aerospace and Defense: How Resource Management Solution Can Help

Epicflow Blog

Today, in times of war and crisis, companies dealing with aerospace and defense projects have to timely react to arising challenges and suggest the best solutions possible to meet the consumers’ requirements and stay competitive in the market. Specifics of Aerospace and Defense Projects: Current Challenges.