Epicflow

AUGUST 3, 2022

As companies develop and grow, and the number of projects they deliver increases, business leaders are seeking ways to ensure more efficient coordination of all their initiatives. Does every company need a project management office? In this article, we’ll focus on the overview of a project management office only. .

Management 244

Management Methodologies Resources Efficiency 244

Epicflow

JUNE 10, 2022

So, the importance of risk management cannot be overestimated – it’s better to stay ahead of all possible threats to your project. . What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively? Project management risks. Managing the supply chain. Talent management. .

Engineering 246

Engineering Management How To Risk Analysis 246

Epicflow

JUNE 21, 2023

Among other things, this can be achieved by improving a company’s operational efficiency. How is it possible to increase operational efficiency in project-based organizations? What Is Operational Efficiency and Why Improve It? Improving operational efficiency means delivering more output with the same or less input.

Efficiency 130

Efficiency Operations How To Resources 130

Epicflow

MARCH 22, 2023

Also, if a company decides to cut expenses but does nothing to increase operational efficiency, it may lead to delivering low-quality output and decreased customer satisfaction. To achieve this, you should analyze your business processes, improve operational efficiency, and identify the causes of excessive expenses.

Resources 188

Resources Management Efficiency Operations 188

Epicflow

JULY 12, 2022

However, according to the survey by NewVantage Partners [1] conducted in 2021, only 24% of companies have managed to develop into data-driven ones. At the same time, the talent component shouldn’t be left aside: data alone cannot lead companies to success without human expertise to use in an efficient way. . Cultural challenges.

Data 216

Data Analysis Efficiency Survey 216

Epicflow

MARCH 22, 2024

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

Data Risk Analysis Management Analysis 130

Epicflow

AUGUST 11, 2022

It may seem the outcomes of effective change management are obvious – if positive transformations have happened, the process was effective. . However, the present-day ever-evolving business environment demonstrates that change management is rather a journey than a destination. Change management performance .

Metrics 130

Metrics Change Management Management Efficiency 130

Epicflow

MAY 30, 2023

Each critical success factor is measured by corresponding KPIs that help a project manager keep control of them. The latter are the standards that are used to assess a project upon its completion – whether it has met the requirements and expectations of stakeholders, clients, and senior management.

Management 130

Management Resources Software Efficiency 130

Epicflow

DECEMBER 8, 2022

For example, standing in the middle of a messy house may seem overwhelming, but if you tidy the rooms one by one, the cleaning up will turn out to be quite manageable. . Read further to get a full picture of project deliverables, and learn how to identify and manage them efficiently. Project management documents (e.g.,

Management 26

Management Resources Efficiency Software 26

CaseInterview.com

SEPTEMBER 15, 2020

Today, I want to introduce you to (or perhaps remind you of) the concept of the minimum efficient scale. First, the word “scale” refers to size. For example, Amazon is able to process and deliver its customers’ orders very efficiently because of its “scale.”. Minimum efficient scale can be used in many contexts.

Efficiency 71

Efficiency Case Interview Interviews Resources 71

Epicflow

DECEMBER 1, 2022

Project management involves creating lots of documentation. If you look into project management standards, you will find at least a dozen of various plans, multiple types of reports, and numerous other documents. It can be used as a reference point to assess the project progress at all phases of a project lifecycle. 1, 2] .

Management 130

Management Report Resources Efficiency 130

Tom Spencer

NOVEMBER 22, 2024

The adoption of AI is revolutionizing banking products, enabling financial institutions to offer personalized service, increase efficiency, and enhance security. AI refers to computer systems that can perform tasks that normally require human intelligence, such as recognizing patterns, learning from experience, and making decisions.

Banking 78

Banking Finance Meeting Data 78

Clarity Consultants

SEPTEMBER 21, 2023

Germane Cognitive Load: This refers to the cognitive effort required for meaningful learning and problem-solving. Click to learn how Clarity converted a multi-week Instructor-Led Training (ILT) onboarding program into a dynamic and efficient eLearning experience.

Exercises 288

Exercises Training Training Case Study 288

Epicflow

JUNE 10, 2024

In contrast to traditional project/program/portfolio managers dealing with individual projects/programs/portfolios, the role of a CPO is more strategic, he or she is a member of the executive board and oversees all project-related activities and their connection with an organization’s business strategy. What organizations require a CPO?

Resources 178

Resources Methodologies Efficiency Metrics 178

Epicflow

SEPTEMBER 1, 2022

A Business Case in Project Management: Definition and Importance. According to the Project Management Body of Knowledge [1], a business case is a document that allows decision-makers to determine whether the project is worth the investment. It serves as a reference point throughout the whole project lifecycle.

Management 130

Management Resources Analysis Software 130

Epicflow

APRIL 24, 2023

First, it refers to the optimization of resource scheduling with regard to employees’ availability and time constraints. Let’s review the factors that prevent such companies from efficient resource utilization. Under such conditions, efficient resource utilization becomes really demanding. What is resource optimization?

Resources 130

Resources Software Management Efficiency 130

Epicflow

NOVEMBER 7, 2022

Being a successful project manager is not just about creating good plans and schedules and telling the team members what they should work on. What else should a project manager know to succeed in their duties and guide projects to their successful completion? Read more: Tracking Performance: Switching from Project to Resource Level.

Management 130

Management Resources Efficiency Software 130

Epicflow

FEBRUARY 9, 2023

When managing a project, it’s vitally important to regularly monitor its state: whether or not it has deviated from the approved schedule and budget; how much work has been completed and how much is left; how efficiently your resources are utilized, etc. What are project management metrics and why do you need them?

Metrics 130

Metrics Management Resources ROI 130

Clarity Consultants

JUNE 30, 2023

The more training you offer, the more efficient and effective employees are in a role. Retaining existing employees is far more cost-efficient than hiring and training new talent. These programs can focus on areas such as financial management, cost-cutting strategies, crisis management, digital transformation, and more.

Development 265

Development Training Training Agile 265

Tom Spencer

MARCH 28, 2025

While cryptocurrencies promise to deliver more efficient, transparent, and accessible financial systems, the rise of crypto is also driven by broader concerns. However, as they embrace the digital currency revolution and adopt blockchain technologies, their operations will become more efficient and transparent.

Banking 88

Banking Financial System B2B 88

Epicflow

JUNE 28, 2023

Project management is no exception – data is becoming increasingly important for analyzing project and resource performance, making effective decisions, and driving projects toward their successful completion. How exactly is data used in project management? What is data-driven project management?

Data 130

Data Management Resources Software 130

Harvard Business

OCTOBER 26, 2018

. “First, let’s fire all the managers” said Gary Hamel almost seven years ago in Harvard Business Review. For almost 100 years, management has been associated with the five basic functions outlined by management theorist Henri Fayol: planning, organizing, staffing, directing, and controlling.

Management 133

Management Operations Construction Development 133

Epicflow

MAY 4, 2023

Nevertheless, this doesn’t mean that these projects cannot be successfully managed. The specificity of R&D project management Before we proceed to the recommendations on how to manage R&D projects effectively, let’s first examine their specificity and how they differ from other projects.

Research 130

Research Development Management How To 130

Epicflow

OCTOBER 13, 2022

It sometimes happens that an organization invests in implementing a resource management solution, but the results of this endeavor are far from satisfactory. The Most Common Errors Made by Resource Management Software Users. As a result, a project/resource manager will draw irrelevant conclusions. .

Resources 148

Resources Management How To Data 148

Epicflow

JANUARY 30, 2024

As we’ve stepped into 2024, it’s high time to learn what trends in project management are expected to shape the domain in the near future. In the era of constant transformation, project managers and business leaders should stay informed of the tendencies that will impact the way they work on projects. How does this help?

Trends 130

Trends Management Emotional Intelligence Software 130

The Management Centre

MARCH 31, 2020

Managing a remote team of people – who are not sitting anywhere near you and may not even be in the same time zone – can be a huge challenge. Yvette Gyles, Director of =mc, looks at how to manage effectively at a distance. This made it easier for the manager to form a connection. Make it frequent. A personal touch.

Management 113

Management Meeting Groups Development 113

Epicflow

JUNE 12, 2023

There are a variety of approaches and methodologies aimed to increase the effectiveness of managing projects and deliver better outcomes. A phase-gate process (also known as a stage-gate process) is an approach to managing projects and developing products, which breaks the whole procedure down into phases separated by gates.

Management 130

Management Methodologies Resources Analysis 130

Epicflow

MAY 31, 2022

Digital thread refers to the sharing of product lifecycle data up and down the extended supply chain via a communication framework. Reducing production costs, Improving the quality of the final product, Shortening the product development time, Efficient collaboration of various specialists involved into the engineering process.

Engineering 49

Engineering Talent Data Productivity 49

Johanna Rothman

SEPTEMBER 5, 2018

Many people draw distinctions between people who do management-kind of work and people who do “individual contributor” kind of work. We reinforce a culture of resource efficiency. We reinforce a culture of flow efficiency. Flow efficiency can help create and reinforce a product culture.).

Efficiency 110

Efficiency Culture Agile Management 110

Epicflow

AUGUST 12, 2024

How can manufacturers ensure production efficiency and competitiveness? Digital transformation in the manufacturing industry refers to the application of digital technologies to any manufacturing process with the aim of its optimization, increasing the quality of the output, and enhancing overall efficiency.

Examples 130

Examples Efficiency Data Automotive 130

Clarity Consultants

OCTOBER 25, 2023

Organizational structure describes the day-to-day set-up of a company, with everything from how many managers you have to the skillsets your employees possess to how decisions are made. Organizational structure refers to how an organization arranges its employees, roles, and resources to achieve its goals.

Organizational Development 162

Organizational Development Efficiency Development Productivity 162

Epicflow

MAY 24, 2022

Without addressing these issues, resource allocation won’t be efficient, which puts the quality of work on a project at stake. . Read further to learn more about it and its potential to remove roadblocks for efficient resource allocation. . In this case, a project manager should decide which of the tasks can be performed later. .

Resources 130

Resources How To Efficiency Tools 130

Epicflow

FEBRUARY 20, 2023

Resource utilization is one of the most essential KPIs that project-based organizations should track – it gives them an idea of how efficiently they use the available resources and how productive their employees are. It’s much easier to analyze these things with the right resource management tool.

Resources 130

Resources Efficiency Analysis Data 130

Epicflow

AUGUST 10, 2023

Business organizations that run multiple complex projects, experience business growth, and at the same time have limited resources may require a more sophisticated approach to managing all their projects. This is where project portfolio management (PPM) can help.

Management 100

Management Software Resources Efficiency 100

Successful Independent Consulting

AUGUST 28, 2024

Here are some thought-starters: strategic planning, estate planning, merger integration, process reengineering, org design, diversity, digital marketing, college financing, change strategy, performance management, leadership development, executive coaching, financial planning. You get the idea. The 4th and 5th examples were invented by me.)

Development 195

Development Turnaround How To Financial 195

Epicflow

OCTOBER 1, 2022

However, most of the causes for cost overrun can be explained by poor project and resource management. Improper risk management. Applying inappropriate project management methodology. It may seem that the choice of a project management methodology has little to do with cost overrun. Inefficient resource utilization.

Methodologies 130

Methodologies Resources How To Efficiency 130

Epicflow

APRIL 29, 2022

Project management goes hand in hand with uncertainty and risks. For this reason, identifying and managing project risks gains even more importance these days: it significantly increases the chances for a project to keep afloat. . One of the important components of project risk management is creating a risk register.

Resources 130

Resources Efficiency Management Examples 130