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Lean Construction Principles & Best Practices

ProjectManager.com

There’s more than one way to manage a construction project. From the world of manufacturing comes an approach called lean construction. But lean manufacturing and lean construction are two different things. Let’s explore lean construction, defining what it is and its key principles. What Is Lean Construction?

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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Everything you need to know about project management terms is here in one list! Check back often, as this list of project management terminology is ever-evolving, just like project management itself! Check back often, as this list of project management terminology is ever-evolving, just like project management itself!

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Monte Carlo Risk Analysis in Project Management

Project Pulse Journal

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis.

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Creating a Risk-Adjusted Backlog

Leading Answers

This article explains what a risk-adjusted backlog is, why they are useful, how to create one and how teams work with them. What is a Risk-Adjusted Backlog? A risk-adjusted backlog is a backlog that contains activities relating to managing risk in addition to the usual features associated with delivering value.

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Product Manager vs Project Manager – What’s the Difference?

ProjectManager.com

Product Manager vs Project Manager. While both are leadership roles and the titles are similar, there’s a difference between a product manager and a project manager as Jennifer Bridges, PMP, explains. Here’s a screen shot of the whiteboard for your reference! What Is a Project Manager?

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Production Capacity: Formula, Examples

ProjectManager.com

Production capacity refers to the largest amount of goods that can be manufactured in a production facility over a period of time. 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.

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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. Manufacturing cycle time, also referred to as throughput time, is the amount of time spent working on an item from raw materials to finished product. Project management software can help manufacturers plan, track and monitor their cycle time.