Remove Definition Remove Monitoring Remove Process Remove Retail
article thumbnail

Production Control: Process, Types and Best Practices

ProjectManager.com

Once the production line is in action, managers need to keep a close eye on what’s happening to ensure they’re meeting the production schedule and delivering goods on time to retailers. Let’s look into what production control is, what a production controller does and explore the process of production control.

article thumbnail

Project Definition: The Meaning of a Project

ProjectManager.com

What is the definition of a project, exactly? Whether you’re the project manager or a stakeholder, give your next project definition with these project management tips in mind. Project Definition. Retailers, for example, may pursue projects that improve the way they track order fulfillment. Project Scope.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Business Project Management Basics

ProjectManager.com

Let’s first explore the definition of business project management. Business project management is the process by which internal business projects are streamlined and aligned with business strategies and objectives. Then, we’ll look at the role of a business project manager and the types of projects that a business will manage.

article thumbnail

What Is an IT Budget? IT Budgeting Basics (Template Included)

ProjectManager.com

But those forecasts are estimates and to ensure that you keep to your IT budget, monitoring and tracking costs is imperative. There isn’t a definitive answer to that question. But IT budgets also fund the streamlined provisioning of this process through effective planning and optimizing utilization.

Budget 343
article thumbnail

Production vs. Manufacturing: Key Differences

ProjectManager.com

While they’re related, the two have distinct definitions. Production is a process that’s used to turn things into products or goods. Production planning: This is the process of managing resources more efficiently to meet product or customer demands. Production and manufacturing are often seen as the same thing.

article thumbnail

Cost of Production: Types of Production Costs

ProjectManager.com

Then we’ll expand upon the definition with an example to better illustrate the definition. That informs the retail price you put on the product and shows how high you can go without alienating your customers or negatively impacting your profits. Here are some tools that monitor your production costs.

article thumbnail

What Is Job Costing? When to Use a Costing Sheet (Example Included)

ProjectManager.com

We’ll go over all, plus explain when to use job costing and provide an example of job costing to make sure the definition is clear. It tracks all costs and revenue associated with a particular project and is commonly used in construction projects, but it can also be found in manufacturing, engineering, retail, logistics, healthcare and more.