What is Resource Management? Resource Management is a crucial aspect of Project Management. During any project, resources must be managed, including staff (human resources), equipment, office space, and raw materials – in short, anything that has a cost associated with it and is required to complete the project. Project managers typically monitor and track these …
Supply Chain Risk Management (SCRM) is the process of identifying risks, assessing them, and mitigating their effects on an organization’s supply chain. Companies implementing a comprehensive SCRM strategy can operate more efficiently, better control costs, and enhance customer service. A complete SCRM plan covers every aspect of the process, including production, packaging, handling, storage, and …
As wireless communication becomes more entrenched in our day-to-day lives, the demand for connectivity increases exponentially. The power of wireless technology continues to push improvements in all aspects of our lives, from self-driving cars to robotics to medical monitoring devices. Perhaps you’ve heard the terms 4G, 5G – and even 6G – bantered about, referring …
Overview The Schedule Performance Index, or SPI, provides insight into the accuracy of the predicted project schedule and is a measure of schedule efficiency. It’s one of many key metrics used in Project Management. The SPI formula is defined in A Guide to the Project Management Body of Knowledge (PMBOK® Guide) as follows: “The …
