One of the main responsibilities of any project manager is to track project resources so they’re available whenever they’re needed. To do so, they must measure resource utilization. By calculating resource utilization, project managers and employers have a better idea…
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Resources such as raw materials, human resources and machinery are needed to execute any project. This means resource management is one of the main hurdles project managers must clear for successful project delivery. Because resources are tied to project activities,…
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It’s a cliche to say nothing is constant but change, but cliches grow from truths. Project managers understand this and work hard to create change management plans that ensure their projects run smoothly. Project management software helps, too, but if…
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Businesses, nonprofits and even government agencies execute projects to improve the efficiency of their operations and achieve strategic goals. These projects require a variety of human and non-human resources such as raw materials, equipment and machinery, which need to be…
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A project management office (PMO) as a service (PMOaaS) is a way for companies to execute their enterprise strategy. PMO as a service or project management as a service seeks to do many things from increasing project managers’ capacity to…
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An ongoing goal in business is consistency in terms of labor assignments. The ability to spread the workload even across labor leads to greater productivity but also boosts morale, which in turn increases productivity. In manufacturing operations management, this is…
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Everything you need for your manufacturing process is a resource—people, materials, equipment, software, facilities, etc. Whatever you’re making, you need to manage those resources to do it. That process is called manufacturing resource planning (MRP II), and it’s a method…
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Projects are planned, but those plans are rarely executed with changes. Those disruptions can play havoc on a project’s budget. Therefore, project managers are always tracking budget variance to deliver projects without breaking the bank. We’ll define project variance below…
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Manufacturing is based on delivering quality and quantity products to the market on schedule. Using manufacturing KPIs can help you determine strengths and weaknesses that can direct you toward improvements in all phases of your production cycle. Manufacturing KPIs are…
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Businesses need to thrive, grow more profitably and stay competitive in a marketplace that is constantly changing. That means increasing their output to the greatest extent possible. The process of achieving that goal is called capacity management. To understand capacity…
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Producing things isn’t cheap. There are many costs that occur during production that it can be hard to track them all. These costs are what is called manufacturing overhead. Let’s define manufacturing overhead, look at the manufacturing overhead formula and…
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The better a business’ warehouse operations, the more successful the business is. Warehouse management ensures that stock matches customer demand. Warehouse operations take into account the supply chain and work towards being cost-effective and efficient. To understand effective warehouse operations,…
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Construction projects are often long and complicated endeavors. They’re also expensive. Payment is determined in the contract process, which includes the contractor payment schedule. What’s included in the contractor payment schedule and the different types are a critical part of…
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