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. Risk Register Template.

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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What Is Advanced Manufacturing? A Quick Guide

ProjectManager.com

For as long as there has been manufacturing, people have been working to increase efficiency. Using technology to achieve efficiency is called advanced manufacturing. As technologies have become more innovative, advanced manufacturing technology also improves. Manufacturing

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!

Reshoring – The Future of Supply Chains

Speaker: Rosemary Coates - Board Member & Founder at Reshoring Institute, Best-selling Author, Host of the Frictionless Supply Chain podcast

In this webinar, Reshoring Institute founder Rosemary Coates will teach you about the top supply chain trends going into 2023 and how your business can take steps to prevent disruptions.

What Is Advanced Manufacturing? A Quick Guide

ProjectManager.com

For as long as there has been manufacturing, people have been working to increase efficiency. Using technology to achieve efficiency is called advanced manufacturing. As technologies have become more innovative, advanced manufacturing technology also improves.

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. It’s always tricky to manage a disparate set of demands, visions, and expectations on any project; but it’s even trickier in manufacturing. Manufacturing Project Ownership.

What Is a Risk Register & How to Create One

ProjectManager.com

What is a Risk Register? A risk register is a tool in risk management and project management. There is no time too early to start thinking about risk analysis in your project. Therefore, having a project risk register on hand and ready is essential in managing risk.

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14 Common Project Risks (+ more)

Rebel’s Guide to PM

Risks matter. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. In this article we’ll look at common project risks so you can start filling up your risk log and making the right plans.

Project Management Trends in Manufacturing in 2019

Epicflow Blog

The Fourth Industrial Revolution revolves around technology, smart sensors that collect real-time data, artificial intelligence that increases production efficiency, and better manufacturing quality, security, and transparency. However, despite all the positive trends, industrial manufacturers can no longer rely on stability and cost advantages from manufacturing in a certain country or sourcing from particular suppliers.

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Top 8 Manufacturing Workflow Software Tools In 2021

nTask

Manually managing manufacturing workflow has become a tale of olden times, the world has transitioned to more efficient, digital tools of workflow management. What Is a Manufacturing Workflow Software? Manufacturing workflow software is a digital tool that streamlines your workflow.

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Main Risks of Aerospace Engineering Projects: How to Implement Wise Risk Management into Your Organization

Epicflow Blog

Accordingly, they are more vulnerable to the consequences of risk-bearing events. When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . Main Risks Affecting Aerospace Engineering Projects.

How to Quickly Calculate Your Project’s Risks for Success

MPUG

Assessing Risk. It crosses all industries, from manufacturing to financial services. The weighted scoring model below is intended to help you perform a quick risk assessment, to determine the probability of success on a current or new project.

2022 63

Product Lifecycle Management (PLM): A Quick Guide

ProjectManager.com

It’s everything from manufacturing the product to marketing it. That includes every stage of the process, from development to manufacturing and marketing to customer segmentation. For example, each phase has no definitive timeline, its own risks, costs and opportunities.

2022 277

Agile Maturity & Change Management: 3 Steps for Achieving Executive Buy-In

Lindsey Marymont

Manufacturing ERP. Here are three steps for encouraging risk-averse executives to support PMO maturity initiatives. #1 Skip to main content. Skip to navigation. Solutions. Agile Portfolio Management. Project & Portfolio Management. Professional Services Portfolio Management.

6 Top Project Management Books for Engineers and Manufacturers

LiquidPlanner

To compile this list, we dug through Amazon listings, forums, blogs, and review websites to identify the best project management books specifically for those in the manufacturing and engineering industries. While this book focuses on megaprojects, many of the insights can be applied to engineering and manufacturing projects of any size. The book covers a wide array of industries, including medical and pharmaceutical, aerospace, manufacturing, and more.

5 Stats You Need to Know from the 2017 State of Project Management in Manufacturing Report

LiquidPlanner

In manufacturing, time is money. To better understand how manufacturers practice project management, we surveyed more than 100 executives, engineers, and project managers, resulting in the 2017 State of Project Management in Manufacturing report. It details project stats and methodologies, the lowdown on major challenges, and a look at manufacturers’ plans for cutting costs and building revenue in the coming year. Featured Manufacturing Project Management Teams

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How Big Data Can Give Project Managers The Edge In Manufacturing

LiquidPlanner

Now, manufacturing is getting up-to-speed as companies recognize the value in the vast amounts of data that they create and hold. Manufacturers across a range of industries now have the capability to take previously isolated data sets, aggregate and analyze them to reveal important insights. Further Reading: AI, IoT, and the Future of Manufacturing]. Demand for Big Data Analytics in Manufacturing. Risk Management. Manufacturing Project Management

Six steps to managing risks collaboratively

Susanne Madsen

​The importance of risk management cannot be overemphasised. ​ Be collaborative One of the classic mistakes in risk management is to treat it as a mechanical process that’s carried out in isolation by the project manager. But what about the unknown risks?

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5 Project Management Tips for Manufacturing Teams

LiquidPlanner

Project Management + Manufacturing = Perfect Match. Manufacturing can, however, benefit greatly from project management ideas. The manufacturing environment comprises a lot of beginnings, middles and ends. Every project, whether in a manufacturing environment or any other, will involve requirements and goals. There are many methodologies and approaches to use to manage projects, and all of them are being used by manufacturing teams.

Supply Chain Risk Management and Its Mitigation Strategies

Techno-PM

As supply chain companies mature with budding scopes and complexity, supply chain risk management becomes inevitable in mitigating unexpected disruptions. What Is Supply Chain Risk Management? This makes these risks harder to solve, mitigate, and might end up costing you a lot of money.

2022 36

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.

2016 81

Embracing Digital Transformation for Manufacturing Companies

Leankor

Embracing Digital Transformation for Manufacturing Companies. There are many challenges facing today’s manufacturing companies. These issues are magnified exponentially in industrial and commercial manufacturing , where products are not simply fabricated and delivered: each is a massive project that requires customization and re-engineering to the specifications of each customer. Want to see how Leankor can transform your manufacturing operations?

Using SWOT Analysis for Risk Identification and Risk Management

nTask

Gary David Cohn once said, “If you don’t invest in risk management, it doesn’t matter what business you’re in, it’s a risky business.”. Project manager or not – professionals on all levels have to interact with researching, identifying, and resolving risks. Organizations are struggling with risks on so many fronts including cybersecurity, underwriting, credit, asset and liability, investment, liquidity and more. Risk Identification Techniques.

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Industry 4.0 Series: AI, IoT, and the Future of Manufacturing

LiquidPlanner

series, which looks at the new technologies, techniques, and trends that are pushing manufacturers toward a new level of optimization and productivity. AI, which fundamentally converts large amounts of data into intelligence, is being adopted at an increasingly rapid pace across many industry sectors, most notably, in manufacturing. The Role of AI and IoT in Manufacturing. In addition to driving operational efficiencies, AI can reduce manufacturing operating expenditure.

[Upcoming Webinar] Leankor – Transforming Manufacturing Project Delivery

Leankor

Upcoming Webinar - Transforming Manufacturing Project Delivery. Our CEO, Emilio Bernabei and Jon Billings, General Manager of SunCo Sunspaces Inc explain first-hand how Leankor & Salesforce helps manufacturing companies transform their commercial delivery operations. There are many challenges facing today’s manufacturing companies when it comes to successfully delivering to their customers. Leankor – Transforming Manufacturing Project Delivery.

Big Data and Risk Management

Brad Egeland

Furthermore, big data is an essential and powerful risk management tool. These interactions offer an excellent opportunity to obtain organizational risk insight, which facilitates the reduction and assessment of threats. Once your business uses big data in managing risk, you will get a comprehensive overview that assists you in structuring your financial revenue streams. Risk is virtually part of every company’s decision. The Big Data age is finally here.

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Risk Register in Project Management

ActiveCollab

One of the common tools they use is a project risk register. A risk register is used to assess any risks your project may face, and it’s a crucial component in project management because it helps managers fight potential setbacks proactively. WHAT DOES A RISK REGISTER INCLUDE?

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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

Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management is Project Management for Adults - Tim Lister. Risk Management Papers. “A Risk a Feelings,” George F.

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What Is Risk?

Herding Cats

Risk is the effect of uncertainty of objectives. In the context of risk management, uncertainty exists whenever the knowledge or understanding of an event, consequence, or likelihood is inadequate or incomplete ? ISO 31000:2009, ISO 17666:2016 and ISO 11231:2010 Risk is Uncertainty that Matters. Risk can be the potential consequence of a specific outcome that affects the system's ability to meet cost, schedule, and/or technical objectives. IT Risk Management.

Aleatory Uncertainty Creates Irreducible Risk

Herding Cats

Yesterday's Post Epistemic Uncertainty Creates Reducible Risk and What Is Risk? Risk is not there to be mitigated, it's there to be eliminated. Risk is the result of uncertainty, which comes in two kinds for all projects, for everything actually. Epistemic uncertainty and the risk it creates can be reduced with handling processes. The objective of identifying and managing aleatory uncertainty to be preparing to handle the impacts when risk is realized.

Epistemic Uncertainty Creates Reducible Risk

Herding Cats

Yesterday's Post What Is Risk? Risk is not there to be mitigated, it's there to be eliminated. Risk is the result of uncertainty, which comes in two kinds for all projects, for everything actually. Epistemic uncertainty and the risk it creates can be reduced with handling processes. Aleatory uncertainty and the risk it creates can NOT be reduced. Only margin can be provided to protect the project's cost, schedule, and technical performance from this risk.

A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. Risk Management is essential for development and production programs. Effective Risk Management 2nd Edition, Edmund Conrow, AIAA, 2003. Risk a Feelings,” George F. Hammonds, Risk Analysis 14.5

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Project Assumptions: A Quick Guide

ProjectManager.com

Then we’ll learn about a project assumption log and how assumptions differ from constraints and risk. Analyzing assumptions is part of project risk management. Project Assumptions vs. Project Risks. You can look at project risk in a similar way.

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What Project Management in Manufacturing Looks Like Today [Infographic]

LiquidPlanner

Manufacturing is essentially a series of sequential steps in a longer process. That’s why proper planning, scheduling, and risk management are so important. We recently asked more than 100 manufacturing executives, engineers, and project managers about their day-to-day project management practices and how these play a role in their work and businesses. Read our 2017 State of Project Management in Manufacturing report.

How to Carry Out a Schedule Risk Assessment

Strategy Execution | PMO Perspectives

This was a two year $20m project to deliver a turn-key manufacturing facility to a new customer. While it is sometimes possible to start work on a successor before the predecessor is complete, in this case, there was a complex dependency between them and a significant risk of rework. All present risk, however, in this case, the dependency on a customer deliverable (completion of a building structure) was on the critical path. Identify and analyse risk.

PMO 42

Risk, Their Sources, and Handling Strategies

Herding Cats

Risk identification during early design phases of complex systems is commonly implemented but often fails to identify events and circumstances that challenge program performance. Inefficiencies in cost and schedule estimates are usually held accountable for cost and schedule overruns, but the true root cause is often the realization of programmatic risks. The projected impact of the risk produced by Aleatory uncertainty can be managed through cost, schedule, and/or technical margin.

Small Batch Sizes are NOT Risk Management

Herding Cats

There is a popular fallacy in the Agile community that small batch sizes are Risk Management. What small batches do is provide information that informs risk management at a fast rate. The closed-loop control, shown below, of the planned work with the assessment of P%C does NOT reducible the risk by itself. Since all risk comes from Reducible (Epistemic) uncertainty and irreducible (Aleatory) uncertainty. Specific actions must be taken to manage the risk.

Risk 36

Fixed Price Removes Risk — Fallacy of the Week

Herding Cats

Firm-fixed-price contracts are depicted as existing on the extreme left of the continuum of risk. As we progress through the various fixed-price flavors and into cost-type contracts, the assertion is that risk shifts from the vendor to the supplier. . This assertion appears reasonable, but this belief makes the assumption that there is goodness that results in shifting risk to the supplier. All Risk is Created by Uncertainty . Someone has to pay to handle that risk.