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7 Logical Fallacies That Can Harm Your Decision Making (With Examples)

ProjectManager.com

In short, a hasty generalization is when you neglect to perform your due diligence. If this person is arguing, say, why a project must be aware of a certain risk, and you dismiss them because they’re always complaining, you’re making a logical fallacy. It’s okay not to like somebody, but give their argument its due.

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How to Calculate Manufacturing Cycle Time (Formula Included)

ProjectManager.com

Finally, we show how project management software can help with manufacturing. Manufacturers need to plan, manage and track the production line and cycle time is one of the metrics that helps them determine if they’re manufacturing as efficiently as possible. That means a reduction in multitasking and managing dependencies.

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Implementing Mitigation Strategies for Effective Risk Management

Wrike

Effective risk management is crucial for the success and sustainability of any business. By identifying and addressing potential risks, organizations can minimize their impact and ensure continuity of operations. These risks can arise from various sources, such as financial, operational, legal, or technological factors.

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Six Sigma: A Simple Guide for Project Managers

ProjectManager.com

There has been some backlash against Six Sigma over the recent years, some of which is warranted and will be discussed, but overall the process proves a valuable tool in reducing defects in product manufacturing, especially when paired with Agile thinking, lean manufacturing and capable project management tools. What Is Six Sigma?

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The Perfect Storm for The Project Economy

Leading Answers

Driven by three macroeconomic trends, the need for projects and project managers was increasing. All the major auto manufacturers reported far fewer sales in Q1 and Q2 due to factory shutdowns and a lack of customers. As more people get connected and information becomes more freely available, innovation accelerates in a virtuous cycle.

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The Impact of Digital Transformation on Business Success

Wrike

Companies that fail to embrace digital transformation risk being left behind by their competitors. It goes beyond simply adopting new technologies; it requires a mindset shift that embraces innovation and agility. It includes software, hardware, and infrastructure that support digital innovation.

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Achieving Operational Agility in a Rapidly Evolving Marketplace

Wrike

It involves having flexible processes, systems, and structures in place that allow for easy adaptation and innovation. Operational agility enables businesses to seize opportunities, mitigate risks, and maintain a competitive edge in a rapidly evolving marketplace. Operational agility also plays a significant role in risk management.