article thumbnail

Production Capacity: Formula, Examples

ProjectManager.com

Then we’ll explain how to measure production capacity and provide a couple of examples to better illustrate it. In order to take advantage of production capacity’s help with making sound financial plans and accurately forecasting business growth, you’ll need project management software. What Is Production Capacity? Here are two.

article thumbnail

What Is Lean Portfolio Management? A Quick Guide

ProjectManager.com

Having many projects to manage in a portfolio can be daunting. There are many ways to do this and one of which is lean portfolio management. Let’s first define lean portfolio management and then delve into how it works. This will give you an idea if it’s the right strategy to execute your portfolio management.

Lean 330
Insiders

Sign Up for our Newsletter

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

article thumbnail

Project Manager Job Description (with free copy+paste examples!)

ProjectManager.com

Project managers are the point person in charge of a specific project or projects within an organization. We regularly feature project management resources to help train PMs to land jobs in the industry or develop better skills in their current role. What Does a Project Manager Do? How Much Does a Project Manager Make?

article thumbnail

Kanban in Manufacturing: Main Uses & Benefits

ProjectManager.com

Kanban in manufacturing and production has many uses, which we detail below, as well as how it relates to lean and just-in-time (JIT) manufacturing. Kanban is a visual method for managing workflow and production. Done properly, kanban can reduce expenses, improve customer satisfaction, create more efficient processes and limit risk.

article thumbnail

9 Steps to Managing Risk for Your Projects

LiquidPlanner

Risk and uncertainty are inherent parts of all project work, making project risk management an important topic for teams to address. When studies tell us that easily half of all IT projects run over budget and past deadline , we see how easily risk turns into real trouble for projects and their organizations.

article thumbnail

Return On Investment Vs Lean Agile Metrics for Strategic PMs

The Strategic Project Manager

However, the speed of change has made these methods less reliable – and ushered in a more lean-agile approach to metrics. This post examines the difference between ROI and Lean-Agile metrics, It identifies the key metrics of each, and the drivers behind those metrics. Value is delivered in small increments over time.

Lean 40
article thumbnail

Shop Floor Management: Planning, Scheduling and Control

ProjectManager.com

Then we’ll explore shop floor management, what a shop floor manager does and best practices to achieve the benefits of effective shop floor management. Before understanding shop floor management, it’s important to know what a shop floor is. It is part of the larger shop floor management, which we’ll get into next.