The business world is fraught with uncertainty—about cash flows, tightening regulations, labor costs and availability, and fluctuating interest rates, not to mention market pressures as a result of constantly evolving competition. To remain successful in the face of so many unknowns, companies need to be sure they’re moving in the right direction and that their…
Project Management Training
Have you encountered a project that didn’t turn out the way stakeholders thought it would? Or maybe you discovered that different groups—project team members, leadership staff, sponsors, and end users—each expected different things. Why does this happen? And what can you and your team do to avoid it?
A strong project management methodology needs to encompass more than developing a timeline and scheduling individual tasks. The effort must also include a risk management function with an eye toward where and how potential issues might impact the project.
Companies worried about the future should instead turn their focus toward planning. Contingency planning has long been a core skill behind successful project management, and it’s a competency that organizations can turn to as the Brexit process moves forward. After reviewing the firm’s goals and where the changing environment might intersect (or interfere), project managers will be able to lay out several contingent paths that can guide the business through the uncertain years ahead, leaning toward one or another of these potential paths as information about the future becomes more clear.
Project Schedule Challenges exist in every type of project, but manufacturing efforts bring with them some unique risks and obstacles. Outside influences and unexpected developments can impact timelines in surprising ways, putting the team in a difficult position. Frustration arises when a schedule goes off track, sometimes pushing Project Teams to cut corners as they…
There are many potential challenges hiding within manufacturing projects. Without the right kind of planning and preparation, issues can crop up with little warning and cause Project Teams to compensate by cutting corners, either in the level of work being performed, the materials used, or even in the overall scope of the project.
Teams tasked with executing manufacturing projects have a lot on their plates. To get things underway as soon as possible, it can be tempting to skip over the development of a work breakdown structure and go right to carrying out tasks. But any perceived time savings gained by avoiding this step will quickly come back to haunt PMs, often in the form of delays, critical activity conflicts, and tasks left uncompleted.
Project schedules are rarely static. Instead, they begin evolving as soon as the team gets to work. Status reports coming in from the field, issues such as material and equipment delivery timing, and labor availability will all impact the schedule throughout the project’s lifecycle.
Complex projects often have more than one critical path, and in order for the project to reach a successful completion, each of these paths must be carefully managed. Even if the primary path is achieved, a lack of progress on any of the follow-on paths could doom the project to failure in the long run.
Teams that execute these challenging projects need to be mindful of what it takes to manage multiple layers of requirements and actions. A strong awareness of all the paths that make up a project is critical if the Project Team wants to ensure that nothing falls behind schedule or drops off the radar.
If your center of excellence is facing a can’t-fail project with multiple paths, it’s important to understand the risks that exists and where opportunities for success can be found.
Information is one of the core pillars underpinning every successful project. With the evolution of technology and more compute power available than ever before, there’s little reason centers of excellence should continue to rely on data that may be days or even weeks old when it comes to identifying potential issues, forecasting activity schedules, making strategic decisions, and pouncing on opportunities in the marketplace.
A robust project management methodology enables the team to access the kind of real-time status updates that are critical to success. If your Project Team hasn’t yet prioritized the use of real-time data, consider how it could improve the landscape for team members, executives, and the other stakeholders involved in the effort.