The operations of your business can be defined as the sum of all the daily activities that you and your team execute to create products or services and engage with your customers, among other critical business functions. While organizing these…
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Every company needs a plan to determine how it will operate and position itself in the market. This is known as a business plan, which is one of the most important business management documents. What Is a Business Plan? A…
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As a business grows, it needs to look at new processes or ways to improve the processes it has in place. Maybe the company wants to scale and sustain its growth or increase productivity and efficiency. Whatever the objectives, process…
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Project managers know the critical path. It’s the longest sequence of tasks that must be completed to deliver the project, and these tasks are referred to as critical activities. Delaying any of them delays the overall schedule. A CPM schedule…
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Manufacturing requires the right balance of many factors. One of the most important is inventory management—the materials and components needed for the manufacturing process. The more efficiently a company handles its material requirements, the more profit it will find. And…
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Have you ever looked at a bridge, building or structure of any kind and wondered, “how did they do that?” They did it with construction management. Construction is, of course, a project, one that tends to be long, complex and…
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Businesses need to balance their product supply and customer demand permanently. But how do you meet demand and not overstock your inventory? That’s where a process called demand planning comes in. It’s a way to boost profits and minimize overhead…
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Project Evaluation and Review Technique (PERT) and Critical Path Method (CPM) are both useful tools when planning and controlling a project. PERT and CPM are complementary and both are important analytical techniques in project management when managing tasks. There are…
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Having many projects to manage in a portfolio can be daunting. You need to strategize and plan your resource allocation to ensure that every project has what it needs when it needs it. There are many ways to do this…
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Producing an event, whether virtual, in-person or hybrid, is hard enough. Having to make an event budget adds another layer of stress. But it doesn’t have to be a nightmare if you follow a few simple steps to creating an…
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Companies have goals and the goods or services they produce must align with those goals. Everything has to work together, including resources and processes, to help achieve those goals as efficiently as possible to stay in business. Having an operational…
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Before you engage with a new project, there are certain things you have to know. Is the cost worth the return? Can you get it done properly by the deadline? Do you have the resources? Resource forecasting is how you…
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When you’re managing a project, the triple constraint should always be top of mind. But there’s a fourth constraint that’s just as important, yet sometimes forgotten by some project managers as they go through the project planning phase—project quality management….
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