Project milestones help project teams focus on major progress points in a project, which helps project managers with project planning and scheduling. Just as tasks break a larger project into manageable parts, milestones break down project phases to help project…
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Production and manufacturing are often seen as the same thing. While they’re related, the two have distinct definitions. It’s important to understand the differences, especially if you’re involved in the manufacturing industry. Let’s explore production vs. manufacturing. Of course, it’s…
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Project timelines are the backbone of any project plan. They’re an incredibly useful visual project management tool that lays out your tasks and events in chronological order. This helps project managers plan, create schedules, prioritize work and organize tasks. What…
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Manufacturers need to have a process by which to make or assemble their products. Before they go into production, therefore, they must engage in what’s called process planning. This is an important step before manufacturing and must be thoroughly understood….
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Is your organization failing to close the gaps between strategy and project execution? This isn’t an easy task. Fortunately, there are project management tools and techniques you can use to overcome those gaps, and you’re not alone in this challenge. Let’s…
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Before you can accomplish your project goals, you need to plan how to reach them. A work plan creates a clear path project teams can follow to reach their desired goals and objectives. Along that path will be resources, constraints…
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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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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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