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Managing Risks and Controlling Projects: How Data-Driven Project Management Come in Useful for Multi-Project Environments

Epicflow

This article is inspired by the webinar featuring Epicflow co-founder Jan Willem Tromp and professor Mario Vanhoucke based on his latest book “The Illusion of Control: Project Data, Computer Algorithms and Human Intuition for Project Management and Control”. So, what do you need for an efficient risk analysis?

Data 130
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Top 15 PMO tools for your business in 2025

Epicflow

Enhanced Decision-Making With advanced analytics and reporting features, PMO software delivers actionable insights, empowering leaders to make data-driven decisions. By identifying risks, tracking KPIs, and forecasting project outcomes, businesses can adapt their strategies to achieve better results. Cost optimization insights.

Tools 130
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Top 15 Portfolio Management Tools for Your Business in 2025

Epicflow

It supports data-driven decision-making Portfolio management software equips businesses with real-time data, analytics, and reporting capabilities. These insights allow leaders to identify risks, assess project performance, and make informed decisions that maximize ROI. Risk Management Identifies potential risks across projects.

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

Epicflow

Finally, increased digitalization carries cybersecurity risks that can put sensitive data as well as a project’s safety at stake. . Risks specific for the aerospace and defense industry. The classifications of risks mentioned in the previous section will also be useful to determine possible threats. . Dawson, Scott.

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Top 15 Portfolio Management Tools for Your Business in 2025

Epicflow

It supports data-driven decision-making Portfolio management software equips businesses with real-time data, analytics, and reporting capabilities. These insights allow leaders to identify risks, assess project performance, and make informed decisions that maximize ROI. Risk Management Identifies potential risks across projects.

Tools 130
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Make “Fairness by Design” Part of Machine Learning

Harvard Business

More recently, a study compared the commonly used crime risk analysis tool COMPAS against recidivism predictions from 400 untrained workers recruited via Amazon Mechanical Turk. Sampling bias may produce models trained on data that is not fully representative of future cases. Pair data scientists with a social scientist.

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Saving ?osts in a Long-Term Perspective: How a Resource Management Solution Will Help You Gain More in the Long Run

Epicflow

Poor risk management In times of instability and uncertainty, projects are vulnerable to negative risks more than ever, which highlights the need for thorough risk analysis and preparation to respond to them beforehand.

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