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. What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively?

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. As for the deals in the commercial aerospace sector, they are likely to remain dependent on the post-pandemic recovery pace.

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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. Tips on Preventing Cost Overrun in Aerospace and Defense Projects

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. .

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 . The other important thing is proper risk management.

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.

Simplifying the Job of an Aerospace Engineering Project Manager with a Resource Management Solution

Epicflow Blog

Project management in aerospace engineering deals with large-scale complex initiatives that require perfect coordination between all the parties involved. Read further to learn about its potential to simplify aerospace engineering project management. . Improper risk management .

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.

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2022 Online and In-Person Events for Project/Resource Managers and Industry Professionals

Epicflow Blog

Blog PM News aerospace industry automotive industry construction industry defense industry events for HR managers events for project managers events for resource managers maritime industry shipbuilding industry

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Aircraft Engineering: How to Manage a Typical Project with Maximum Efficiency

Epicflow Blog

Aircraft engineering is a complex and constantly developing sector of aerospace and defense, where experts from various areas of technical expertise are involved. At the same time, it’s impacted by present-day trends and challenges of the aerospace and defense domain. .

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. Risk Management is Project Management for Adults - Tim Lister. Risk Management Papers. “A Risk a Feelings,” George F.

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A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. Risk Management is essential for development and production programs. Effective Risk Management 2nd Edition, Edmund Conrow, AIAA, 2003. Risk a Feelings,” George F. Hammonds, Risk Analysis 14.5

2012 33

Agile: Past, Present, & Future. A Conversation with Agile Trainer, Rubin Jen.

International Institute for Learning

Rubin Jen has been in the project management field for over 23 years, spanning aerospace, engineering, telecom, software development, outsourcing, consulting, not-for-profit and government sectors. Exclusive Q&A conducted by Jay Masai.

2022 56

What Is Advanced Manufacturing? A Quick Guide

ProjectManager.com

Advanced manufacturing tends to be used in more cutting-edge industries, such as medical, aerospace and pharmaceutical. This is used in aerospace, medical, prototyping, automotive, consumer goods and other sectors.

What Is Advanced Manufacturing? A Quick Guide

ProjectManager.com

Advanced manufacturing tends to be used in more cutting-edge industries, such as medical, aerospace and pharmaceutical. This is used in aerospace, medical, prototyping, automotive, consumer goods and other sectors.

Avoiding Mistakes: The Great Challenge

International Institute for Learning

is an Aerospace Engineer and Project Manager working in the Aircraft Industry. 2022); Reduce the Risk – Share the Success (2022), “Managing Conflicts in Projects” (2021); “Chess and Business Strategy” (2020); “People Innovation: A New Vision to Innovate” (2019). By Dr. Luigi Morsa.

2022 52

PROJECT MANAGEMENT BENCHMARKING, an excellence enabling instrument

International Institute for Learning

Gap can also exist for performance improvement expectations such as: Reduction in risk by a certain percentage, cost, or time. But we view the transitioning risk template as proprietary knowledge not to be shared.”. By Dr. Harold Kerzner and Dr. Al Zeitoun. Continuous Improvement.

2022 56

Agile. Creativity. Innovation.

International Institute for Learning

The Agile Innovation allows teams to launch new products quickly and at a lower risk than with traditional innovation practices (Kerzner, 2019). . Aerospace Engineer, Project Manager. By Luigi Morsa.

Matrix Management for Strategic Projects

International Institute for Learning

More risk-taking with possibly a greater impact on the business. Some cultures value risk-taking, a desire to speak one’s mind, and a willingness to participate in decision-making, while others do not. By Dr. Harold Kerzner. Introduction.

2022 56

Project Management Guidelines (Part 1) - What We Can Learn From Project Failures

Inloox

" Probably the most famous of all management laws is attributed to American military pilot and aerospace engineer Edward Aloysius Murphy, Jr. As a result, everyone develops an individual level of risk tolerance, which a good project manager must also consider within their team.

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Increasing the Probability of Program Success

Herding Cats

Our topic is Increasing the Probability of Program Success Thorugh Continuous Risk Management. . The origins of this paper came about at a recent JSCC meeting here in Boulder, with local Aerospace contractors, the DCMA (Defense Contract Management Agency) and several government agencies (NRO and NASA). Risk Management is How Adults Manage Projects. If you are not managing risk on your project, what are you managing? Risk-Adjusted Plans. IT Risk Management.

2017 34

Team Management: The Key of to Success

International Institute for Learning

The risk with larger teams is that they can be more vulnerable to poor communication, fragmentation, and free riding due to a lack of accountability [3]. is an Experienced Aerospace Engineer and Project Manager working in the Aircraft Industry. By Luigi Morsa.

2022 52

Process Reduces Agility? Only on De Minimis Projects

Herding Cats

Agile for Aerospace Andrew Buter, Curt Stienstra, Steven H. And of course, each of these domains operates in the presence of reducible and irreducible uncertainty requiring Risk Management processes. When managing any project as Risk Managers as Tim Lister suggested, we need to make estimates in the presence of these uncertainties as well. NoEstimates Agile Estimating RiskA popular toss off aphrase in some agile circles is process reduces agility.

Reflection and Takeaways on Agility from the SMC-IT 2018 Space Mission Design conference

The IIL Blog

as a keynote speaker, I opened the conference with “Scrum to the Stars” which looked back into aviation history and to the future of innovation in aerospace, and how Scrum methodologies have been, and will continue to be effective tools. Aerospace design processes were modified as improvements to flight technology were discovered, and the knowledge base expanded. In essence, Scrum was there at the start of aerospace exploration.

2018 76

Choosing a Project Management Tool: Epicflow vs. Project Online by Microsoft

Epicflow Blog

Meets multi-project and resource management needs of defense, telecommunication, energy, shipbuilding, aerospace, automotive industries, and manufacturing. . Risk Management. Employees see which tasks are at risk and need urgent attention, when looking at their prioritized task list.

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Making Your Digital Transformation Journey Successful: An Overview of Its Essential Components

Epicflow Blog

In this regard, we can mention three important success factors: encouraging employees to challenge the old ways of working, take risks and experiment with new ideas as well as ensuring collaboration with other units when it comes to transformation and change.

2022 56

9 Great Reasons to Choose a Project Management Career

Project Bliss

Project managers are used in IT, healthcare, entertainment, the food and beverage industry , aerospace, and many more industries. It may be a different customer with different needs and personalities or different risks to consider, but there will be variance among your projects. You may be wondering if a project management career is a right choice for you. You’ve likely heard a good bit about it – it’s getting more attention in recent years.

2018 179

The Calm Before the Project Management Storm

Arras People

If you do risk management then some or all of the above will be factors which will affect our daily lives. About Steve: Steve Wake has worked in the print, automotive, aerospace, defence, insurance and IT industries as a project manager and consultant. There comes a time when you’ve been working in and around project management for a while and you take a sit back and just reflect for a while.

2017 150

WBS and Product Backlog: Siblings or Distant Cousins?

Mike Griffiths

However, they did not use the term “work breakdown structure” or WBS until 1962 when DoD, NASA and the aerospace industry published a document about PERT that described the WBS approach. E2: Do high-risk steps early – Prioritize the work based on risk.

2020 72

A History of PMI & Its Role in Project Management

ProjectManager.com

It goes back to the 1960s, when project management became a discipline in aerospace, construction and defense industries. There are also credentials available in Program Management Professional (PgMP), Portfolio Management Professional (PfMP), PMI Agile Certified Practitioner (PMI-ACP), PMI Risk Management Professional (PMI-RMP), PMI Scheduling Professional (PMI-SP) and PMI Professional in Business Analysis (PMI-PBA).

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Project Management, Performance Measures, and Statistical Decision Making

Herding Cats

I work in the Software Intensive System of Systems domains in Aerospace, Defense, Enterprise IT (both commercial and government) applying Agile, Earned Value Management, Productive Statistical Estimating (both parametric and Monte Carlo), Risk Management, and Root Cause Analysis with a variety of capabilities. What reducible uncertainties and the resulting risks were Not handled? USAF Cost Risk Uncertainty Handbook.

9 Inspirational Teamwork Examples

ProjectManager.com

This included teams of scientists, engineers and technicians, many who had not worked in aerospace before. That doesn’t mean it shouldn’t be read and appreciated on many levels, including what it can tell us, in the most dramatic ways, about teamwork and the importance of not acting selfishly and risking the loyalty of the team. 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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Get to Know Us Better: Frequently Asked Questions about Epicflow

Epicflow Blog

You can create various types of resources, specify their price, hourly rate, measurement unit, risk factor, and other settings. . pe’ve gathered the questions that our users most frequently ask about Epicflow.

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The Impact of Technology on Project Management: Pre-1950s to the Modern Age

Keyedin

The algorithm, which schedules a set of project activities, can be adapted to any type of project, including construction, aerospace, defence, software development, product development and engineering. The catastrophe involving the Challenger space shuttle focused attention on risk management, group dynamics and quality management. The crisis was averted, but not without a valuable lesson on the importance of risk management in a company.

2019 60

The Impact of Technology on Project Management: Pre-1950s to the Modern Age

Keyedin

The algorithm, which schedules a set of project activities, can be adapted to any type of project, including construction, aerospace, defence, software development, product development and engineering. The catastrophe involving the Challenger space shuttle focused attention on risk management, group dynamics and quality management. The crisis was averted, but not without a valuable lesson on the importance of risk management in a company.

2019 60

Without a Root Cause Analysis, No Corrective or Preventive Action is Credible - Part 1

Herding Cats

02202, The Aerospace Corporation, 30 May 2014. Root Cause Investigation (RCI) Best Practices Guide Product Overview, Aerospace Report TOR?2014?02163, SCRAM: A Method for Assessing Risk of Schedule Compliance,” Adrian Pitman, Angela Tuffley, and Betsy Clark, DMO General Manager Systems, Australian Government, ASWEC 2013. Schedule Compliance Risk Assessment Methodology (SCRAM) Combined Process Reference Model and Process Assessment Model, Released Version 2.0,

2014 39

How to Make it Your Habit to Finish What You Start

Brad Egeland

Prior to starting Cheetah Learning in 1999, founder and CEO Michelle LaBrosse was a Research Scientist in Aerospace Engineering. Is it the risk? Well, Michelle doesn't see the risk as you see it because she knows what is involved in becoming a Cheetah Certified Project Manager. When you practice finishing EVERYTHING you start, a couple things happen: This will become your habit. You will be far less stressed as you won't have so many things you must do hanging over your head.

2018 95

The Simple Way to Improve Scheduling on Projects

Liquid Planner Productivity

The good news is that it doesn’t need to be this way – and we don’t need a PhD in aerospace engineering to find a solution! You’re working on more than one project, so why are you still planning projects separately?

2021 56

6 Top Project Management Books for Engineers and Manufacturers

LiquidPlanner

The book covers a wide array of industries, including medical and pharmaceutical, aerospace, manufacturing, and more. Every month, project management expert Elizabeth Harrin fields readers’ questions about the challenges, risks, and rewards of project work on the LiquidPlanner blog. While engineers learn a lot of valuable skills in school, project management isn’t always one of them. Many engineers end up learning PM skills on the job and on their own time.

The Problems with Schedules

Herding Cats

Unrealistic Cost and Schedule estimates based on inadequate risk adjusted growth models. Inadequate accessment of risk and unmitigated exposure to these risks with proper handling plans. Unrealistic Cost and Schedule estimates based on inadequate risk adjusted growth models. Both these cause risk to cost, schedule, and technical outcomes. Inadequate assessment of risk and unmitigated exposure to these risks with proper handling plans.

2016 42