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Top Operational Efficiency Metrics for Your Business

Wrike

In today’s highly competitive market, businesses need to constantly improve their operations to increase their efficiency and reduce costs. One of the most effective ways to achieve this is by tracking operational efficiency metrics. What are operational efficiency metrics?

Energy 36
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What Is Kanban? Meaning, Definitions & Best Practices

ProjectManager.com

Start with what you’re doing now: Kanban focuses on learning about your current operations and finding opportunities for improvement, so the first step is to analyze your current business processes. Different projects require different methodologies to manage them efficiently and productively.

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Capacity Management in Business Operations

ProjectManager.com

To understand capacity management, we’ll first fully define the term, list the different types and explain why it’s so important in operations management. Capacity management is the process of controlling a business’ available capacity to ensure that resources are being used as efficiently as possible. Let’s review each.

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What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

Making sure your daily operations are working towards achieving those strategic goals and that they’re clearly communicated throughout the business or organization greatly improves by using a balanced scorecard. A balanced scorecard is a strategic management performance metric. What Is a Balanced Scorecard?

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The Importance of Operational Project Management for Businesses

ProjectManager.com

This is called operational project management. To better understand operational project management requires defining what an operational project is, how it differs from strategic projects and what operational project management is. What Is an Operational Project? What Is Operational Project Management?

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Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

These organizational process assets are critical to a project’s success and its operations. An organizational process asset is a tangible resource that’s used to guide the management of an organization’s projects and operations. But there are also tangible items that are just as important. What Is an Organizational Process Asset?

Process 360
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Operational Efficiency: A Quick Guide

ProjectManager.com

Operational efficiency is another way to look at work when you’re delivering a service or product, particularly popular in manufacturing. What is operational efficiency and how can you measure it to take advantage of its benefits? What Is Operational Efficiency? How to Measure Operational Efficiency.