10 Free Manufacturing Excel Templates

ProjectManager.com

Manufacturing requires a lot of attention to detail and coordinating various moving parts to deliver the final product. In order to accomplish those goals and meet a tight deadline and an even tighter budget, you need these 10 free manufacturing Excel templates.

Manufacturing Cycle: A Quick Guide

ProjectManager.com

By the time a product shows up on the shelf, it’s been through a much longer journey called the manufacturing cycle. Each product is manufactured from raw materials that need to be procured before the product hits the market. Manufacturing Cycle Definition. Manufacturing.

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Manufacturing Resource Planning: A Quick Guide

ProjectManager.com

Everything you need for your manufacturing process is a resource—people, materials, equipment, software, facilities, etc. That process is called manufacturing resource planning (MRP II), and it’s a method that used to work more effectively. How to Make a Manufacturing Resource Plan.

What Is Contract Manufacturing? Examples & Types

ProjectManager.com

Contract manufacturing lets businesses, which may not have the resources or the funds to invest in heavy machinery, collaborate with other companies to fill orders. Let’s take a closer look at the types of contract manufacturing and some examples of how it works!

Manufacturing Overhead: Definition, Formula and Examples

ProjectManager.com

These costs are what is called manufacturing overhead. Let’s define manufacturing overhead, look at the manufacturing overhead formula and how to calculate manufacturing overhead. What is Manufacturing Overhead? What Is Included in Manufacturing Overhead?

Modern Challenges of Hybrid R&D Teams in Manufacturing

ProjectManager.com

Manufacturing is an all-encompassing industry that touches everything, from food production to biotechnology to building materials. From the moment you wake up from the moment you go to bed, you interact with the manufacturing industry.

Best Construction Estimating Software of 2022

ProjectManager.com

Construction estimating is one of the most important parts of landing a construction project. That’s why you need construction estimating software to make your forecast as accurate as possible. Making the decision to get construction estimating software is the easy part.

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How to Solve the 5 Top Challenges of Manufacturing Projects

LiquidPlanner

When you work through manufacturing projects, you face some unique challenges, often with a lot at stake. Or it could be a first-time project where estimating how long each phase will really take is hard work. Estimate work and share the schedule.

Estimates, Forecasts, Projections

Herding Cats

Estimates. An Estimate is a value inferred for a population of values based on data collected from a sample of data from that population. The estimate can also be produced parametrically or through a simulation (Monte Carlo is common, but Method of Moments is another we use). . Estimates can be about the past, present, or future. We can estimate the number of clams in the Pleistocene era that are in the shale formations near our house. Estimate to Complete.

Software Estimating Resources

Herding Cats

This blog page is dedicated to the resources used to estimate software-intensive systems using traditional and agile development methods. The reason for this resource page is the lack of understanding of how to estimate, the urban myths about software estimating, and the fallacies that estimating is not needed, when developing software, in the presence of uncertainty, when spending other peoples money. Estimating Probable System Cost,” Stephen A.

Estimating is a Learned Skill

Herding Cats

Estimating is a learned skill, used for any purpose from every-day life to management of projects. When I left for the airport this morning to catch my flight to a customer site I estimated, given the conditions, how much time I need to get to my favorite parking spot at DIA. The same process for estimating is applied to multi-billion dollar projects we work. Here's some materials that provide the tools and processes needed to learn how to estimate.

Cost Estimating Assessment Criteria

Herding Cats

Here are the guidelines for a credible cost estimate (GAO-16-620). Details calculations performed and estimating methodology used. Estimate should lack bias; be neither overly conservative nor optimist. Regular updates cost estimate to reflect significant changes. Estimate based on historical record of comparable p[rograms. Estimating techniques used appropriately. Indpenednet cost estimate to compare different estimating methods.

Basis of Estimating Software Development

Small Business CEO

The estimating of software development is both straightforward and complex. When it is suggested that estimating is hard, of no value, and unnecessary, always ask what principle is used to support that claim? Here are some resources that will provide guidance to produce credible software development estimates, in both traditional and agile domains. Software Sizing and Estimating: Mk II FPA , Charles Symons, John Wiley & Sons, 1991.

How to Solve the 5 Top Challenges of Manufacturing Projects

LiquidPlanner

When you work on a manufacturing project , you face some unique challenges, often with a lot at stake. Here, we’re going to look at some of the challenges specific to project teams working in the manufacturing industry—and how to solve these problems using project management practices and a dynamic tool. It’s always tricky to manage a disparate set of demands, visions and expectations on any project; but it’s even trickier in manufacturing.

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Principles of Cost and Schedule Estimating

Herding Cats

One of the 4 summary root causes of project performance failures is Unrealistic Cost and Schedule Estimates based on inadequate risk-adjusted growth models. Those making these claims may have their own personal purposes, their own agenda, their own reasons for sell this idea that estimates are somehow no longer needed when we're spending other people's money to produce value in exchange for that money. If you have no uncertainty, then estimates provide no value.

Why We Need Estimates

Herding Cats

The ability to generate reliable cost and schedule estimates is a critical success factor necessary to support business projects. Architecture -Center ERP Systems in the Manufacturing Domain. Why Guessing is not Estimating and Estimating is not Guessing. Without this ability, business value is at risk of experiencing cost overruns, missed deadlines, and performance shortfalls—all recurring problems that projects assessments too often reveal.

Your Guide to Accurately Estimating Projects

LiquidPlanner

Estimation is an invaluable tool for anticipating and managing project uncertainties. Accurate project estimates help identify cost and schedule requirements with relative precision, and reduce the risk of running out of time, resources, and budget during a project. But even with years of experience, project managers struggle with accurate project estimates. It’s easier to estimate in ranges because it alleviates the pressure of not meeting a single-point estimate.

6 Real-World Benefits of Using Project Management Software in Manufacturing

LiquidPlanner

More Realistic Task Estimation. Ranged task estimates, a key feature of LiquidPlanner, make it easier for users to estimate the time it will take to complete their tasks. When the project schedule is accurate and matches what is actually happening in the project, it’s easier to make more accurate estimates. Welsh estimates that, in the past, he spent 75 percent of his time collecting and maintaining project data. Case Study Featured Manufacturing

Why Johnny Still Cannot Estimate

Herding Cats

He doesn't know how - He doesn't understand how estimates fit into the process of business and managerial finance of product or service development. He doesn't understand why estimates are needed - He doesn't understand the impact on the business for not knowing how long, how much, and what will be produced for the time and money. Coding work is much more fun than making estimates, documenting the requirements, writing tests. Herding Cats: Decisions Without Estimates?

Reasons to Estimate and Measure

Herding Cats

Estimating Software-Intensive Systems: Project, Products, and Processes , Richard D. Stutzke is a starting point for estimating software projects. I recommend it for anyone starting out in the estimating business all the way to seasoned veterans. Any estimating process requires discipline and repeatability to produce accurate and precise results. The estimate can also be produced parametrically, empirically, or through a modeling and simulation.

When to Estimate and When Estimates aren't Needed

Herding Cats

Paul Boos has a post about estimating and makes a case for the Principles of when NOT to estimate. This struck a cord around a bigger topic - the inversion of estimating. When should we NOT estimate? What business decision making conditions could be in place where we don't have to estimate the outcomes of our decision in the presence of uncertainty? Then on to the original conjecture for No Estimates from Paul's post. Not principles for NOT estimating.

Project Management in Manufacturing: Solving the Resource Management Issue

LiquidPlanner

If you work in manufacturing, you’re likely familiar with Enterprise Resource Planning (ERP) or Materials Resource Planning (MRP)—the system used to manage product planning, inventory management, production, fulfillment, and other aspects of production management and control. What’s more, you probably have a decent appreciation of how ERP/MRP systems have enabled manufacturing companies to optimize core business processes. Why an Optimized Manufacturing Floor Isn’t Enough.

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Your Guide to Accurate Project Estimate Projects

LiquidPlanner

Estimation is an invaluable tool for anticipating and managing project uncertainties. Accurate project estimates help identify cost and schedule requirements with relative precision, and reduce the risk of running out of time, resources, and budget during a project. But even with years of experience, project managers struggle with accurate project estimates. It’s easier to estimate in ranges because it alleviates the pressure of not meeting a single-point estimate.

Why Estimates are Needed for Success in the Nondeterministic Universe

Herding Cats

There's a fallacy used by some in the software development business, that estimates are not needed to make decisions in the presence of uncertainty. Since all project work operates in the presence of uncertainty - reducible and irreducible - and the managers of these projects need to make decisions in the presence of these uncertainties, we need to make estimates to inform our decision-making process. Architecture -Center ERP Systems in the Manufacturing Domain.

Uncertainty creates Risk, Decisions in Presence of Uncertainty Requires Estimating

Herding Cats

When asked to make a decision or a choice in the presence of uncertainty, an estimate is needed, since the information needed to make an informed decision is not available. . Let's define what an estimate is. An estimate is not a guess, it is a value based on sampled data which has been adjusted using statistical estimation procedures. In the strict sense, an estimate is a particular value yielded by an estimator in a given set of circumstances.

6 Steps to Achieving Realistic Deadlines for Your Manufacturing Projects

LiquidPlanner

I was recently consulting with a large made to order (MTO) manufacturing company that wanted to implement a software solution to improve throughput and on-time performance. Captured variation in the form of best-case to worst-case task estimates. The only way to do this is to estimate using a range. Because the people who are actually doing the work are the ones adding the estimates, the plan is much more realistic.

4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

There's a recent post titled Four Fallacious Reasons to Estimate. It lists the usual suspects for why those spending the money think they don't have to estimate how much they plan to spend when they'll be done producing the value they've been assigned to produce for that expenditure. And like many posts and tweets about estimating, it's made from this point of view, not the business point view, not from the point of view of those paying the developer.

Estimating on Non-Trivial Software Projects

Herding Cats

A nice conversation on twitter about estimates on software brought up the topic of estimates as commitments. The #NoEstimates advocates see estimates as making commitments. Yes, commitments are made when we estimate. I have an 80% confidence (an estimate) I can deliver what you need on or before September 15 (an estimate), at or below $15,000.oo (an estimate) with a 15% error band (an estimate). . Estimates are not needed.

2016 34

The Five Laws of Software Estimating are Wrong

Herding Cats

There's a blog post from a few years back that has resurfaced The 5 Laws of Software Estimates. Law of Software Estimating. Fact of Software Estimating. Estimates are waste. To those paying the developers, estimates provide actionable information needed to make decisions: Can we afford to develop this feature? Estimates are non-transferrable . Its claimed Software estimates are not fungible. Estimates are Wrong. Estimates are NOT Guesses.

How Contract Manufacturing Teams Keep Up With the Speed of Innovation: Dynamic Project Management

LiquidPlanner

While contract manufacturing is not a new concept, its reach continues to increase. Companies large and small across the Automotive, Aviation, Electronics, and Food sectors effectively use contract manufacturing to better serve their customers and gain competitive advantages. For small and mid-size companies, in particular, contract manufacturing provides the ability to compete in cases where they lack the necessary manufacturing economies of scale.

2016 66

Behavioural Economics, Estimating, and Decision Making in Presence of Uncertainty

Herding Cats

You're NOT going to increase the probability of success in the presence of uncertainty without making estimates of the aleatory and epistemic uncertainties the create project risk. Anyone telling you that you can make an informed and credible decision while spending other people's money without making estimates is selling you a pig in a pok e.†. † Architecture -Center ERP Systems in the Manufacturing Domain. Why Guessing is not Estimating and Estimating is not Guessing.

The Pseudo Science of No Estimates

Herding Cats

estimates are the smell of dysfunction, so let's not estimate and the dysfunction will disappear." Because "we're just developers who can't even make high level estimates how much it will cost and we work for bonehead managers who can't tell the difference between a good estimate and a bad estimate," doesn't have the same ring. Chances are it’s been manufactured in a facility that may contain traces of b t. Information Technology Estimating Quality.

2016 35

Advice for Project Managers: Stepping in to Manage an Ongoing Project and Promoting Ranged Estimates

LiquidPlanner

Dear Elizabeth: I work on a project team for a manufacturing company. For the last year we’ve been using ranged estimates to build out our schedules. How do we convince them to go with a two-point estimate? Dear Reality: Ranged estimates are awesome, so I’m totally with you on that one. In the event you fail to convince your customer to go with ranged estimates, here’s something to consider.

2016 63

5 Reasons Engineers Need to Develop Project Management Skills

LiquidPlanner

While I did have an engineering economics course, I recall that it was more about net present value calculations and internal rate of review, than it was about cost estimating, earned value management and how to develop effective cost controls for a construction project. The technical/rational skills of engineers are useful for solving technical or rational problems on engineering projects, such as cost estimation and adjustments, forecasting, quality assurance or scheduling.

5 Ways AI and Automation Will Change Project Management

LiquidPlanner

Manufacturing has seen amazing progress due to automation, and now there are several opportunities for automation in project management to make our lives easier. We are already making progress in automating things like tracking time, updating estimates, and reporting schedule progress. Featured LiquidPlanner ManufacturingTechnology has made our lives easier. If you don’t believe that, go watch a few episodes of the PBS series, The Frontier House.

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Material Requirements Planning (MRP): A Quick Guide

ProjectManager.com

Manufacturing requires the right balance of many factors. One of the most important is the inventory—the materials and components needed for the manufacturing process. To this end, the manufacturing industry developed material requirements planning (MRP) to improve inventory efficiency.

2021 275

How Cognex Uses LiquidPlanner to Manage Projects

LiquidPlanner

They are the world’s leading provider of vision systems, vision software, vision sensors, and industrial ID readers used in manufacturing automation. LiquidPlanner immediately stood out to the team because they could use ranged estimates to represent and quantify uncertainty—this was the missing piece that finally allowed them to create a reliable project plan. Featured LiquidPlanner ManufacturingCurious to see how other teams use LiquidPlanner?

2017 62

Secrets to Effective Supply Chain Planning

ProjectManager.com

Supply chain planning is the process of optimizing procurement, manufacturing and distribution of goods and services from manufacturers and suppliers to customers. With demand forecasting, you estimate the goods and services that customers will buy in the near future.

2021 301

Why Identifying as a Project Business is Critical For Success

The Lazy Project Manager

Project Business is an industry just like Retail and Manufacturing because projects are their primary business function. The same goes for a Manufacturing Business. It doesn’t matter what products you make, if you manufacture it, you are a Manufacturing Business.

2020 294

How to Create a Master Production Schedule

ProjectManager.com

Manufacturing is a complex process. A master production schedule outlines which products will be manufactured and when they are made. This list is integrated with your current inventory to determine if any procurement for further materials is needed to begin manufacturing.

2021 357