article thumbnail

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

Epicflow

Risk Analysis: Essential Components A risk is an event or circumstance with either a positive or negative effect on a project. Risk Analysis: Essential Components A risk is an event or circumstance with either a positive or negative effect on a project. So, what do you need for an efficient risk analysis?

Data 52
article thumbnail

AI-Powered Clean Tech: Transforming Business Operations

Tom Spencer

Artificial intelligence has emerged as a powerful tool in transforming various industries, including renewable energy. This may include educating employees about the benefits and applications of AI, upskilling the workforce to employ AI tools effectively, and fostering a culture of innovation and continuous improvement.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Epicflow

As part of a project management plan, a project manager and/or an engineer should develop a risk management plan that includes all necessary information for the project team: the goal and objectives of the risk management process, necessary tools and techniques, documentation, reporting, responsibilities and roles. .

article thumbnail

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

Epicflow

Plan for uncertainties and risks Remember that project plans should not be deterministic as if nothing is going to change during the work on a project. In addition, the tool allows for material resources’ management. Also, it’s essential to prepare for uncertainties — e.g., include time and capacity buffers in your estimates.

article thumbnail

#CrisisRoundup of Awesome Links: Week of September 8, 2014

Melissa Agnes

Help Prevent A Crisis With A Social Media Risk Analysis. Risk analyses are so important. It’s a great listen. Listen here! Available on iTunes and Stitcher. Other articles worthy of your attention. 3 Important Takeaways from Emory University Hospital’s Ebola Controversy.

article thumbnail

TCIP #059 – The Human Capital Component Of Crisis Management, With Sam Miller

Melissa Agnes

It’s an interesting and enlightening conversation that will give you the initial tools to explore how to make sure you don’t underestimate the emotional effects of a crisis, as well as how to mitigate the psychological risks that can be an impactful part of your organization’s crisis management.

article thumbnail

Creating a Risk Register: All You Need to Know

Epicflow

Furthermore, if you have more than one project underway, it becomes much more difficult to identify, analyze, and manage risks properly. What tools can a project manager use for more efficient risk management? Risk Management: How a Project/Resource Management Solution Helps. Let’s figure it out in the next section. .