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

Epicflow

When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . So, the importance of risk management cannot be overestimated – it’s better to stay ahead of all possible threats to your project. . Main Risks Affecting Aerospace Engineering Projects.

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

Epicflow

For example, in this case, every decision will be made from a cost-cutting perspective, which can lead to missed opportunities. For example, laying off employees as one of the cost-cutting measures is quite common during an economic downturn. What causes excessive expenses in project management?

Resources 188
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Reflecting on Heuristics

Steve Shu Consulting

For example, when catching a fly baseball, sometimes people use a gaze heuristic to keep the ball at roughly the same inbound angle by adjusting their position and moving forward or backward. For example, people often talk about a 4% drawdown rule/heuristic for using your wealth at retirement (e.g., What follows are my thoughts.

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The Ultimate Guide to Manufacturing Project Management: Best Practices and Strategies

Epicflow

The solution lies in intelligent project and resource management. Read the article to gain insight into the specifics of manufacturing project management and learn useful recommendations on the effective orchestration of projects in the industry. Increased use of technologies and related risks Industry 4.0

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Creating a Risk Register: All You Need to Know

Epicflow

Project management goes hand in hand with uncertainty and risks. The present-day disruptions caused by the pandemic bits and pieces, military conflicts, and geopolitical tensions can only increase the number of risks that projects will be exposed to. . Risk Register: Definition and Purpose . Risk description .

Resources 130
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Hourly Workers Need Flexibility the Most, But Are Often the Least Likely to Get It

Harvard Business

Elder care demands, for example, are rising with the global aging of populations. In our recent study , published in the Academy of Management Annals, we analyzed trends across 186 studies, conducted between 2010 and 2015, of work-life flexibility and its impacts. Some have already started.