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 and 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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Resources, such as people, materials and equipment, are needed to deliver projects. Being able to plan, manage and track those resources to meet the needs of a business is called project ERP or enterprise resource planning (ERP) project management. There…
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When a project is planned, a set of steps is outlined to deliver a product or service. Resource requirements need to be identified and allocated for those steps to be executed. Think of resource requirements as the fuel that drives…
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Construction procurement can maximize a construction project’s efficiency. While construction project management includes all project plans and schedules, without the goods and services provided by procurement in construction, it’s an idea, not a structure. The importance of proper construction procurement…
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A budget is a document that’s mainly used to break down the costs of executing a project or running the operations of a business for some time and define a maximum spending limit for the procurement of resources. This free…
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