Adapting to the new frontiers in the manufacturing industry
Increasing operational effectiveness generally translates to process improvement initiatives. Best steps towards an efficient project community through recognition of the most definitive drivers at a time when PM and project portfolio management is gaining prominence Over the past decade, the manufacturing sector has witnessed a complete transformation across the globe. With large developing economies effectively handling competition against mature markets and transforming into first-tier manufacturing powerhouses, the changes have been unprecedented. Manufacturers have also experienced spontaneous growth in unstable markets around the world and skilled talent has remained in short and unbalanced supply in different regions. The entire evolutionary process has seen manufacturing organisations focus on demonstrating business value, with project governance and metrics playing an increasingly important role in keeping management informed about project performance and its impact on the bottom line. In an industry as diverse as manufacturing, project management as a management discipline has emerged as an important channel in highlighting much economic activity. Increasing Strategic Role of Project Management Manufacturers in recent years have discovered that project management’s reliable methodologies fit together ably with the overall processes and in every area of production. As business leaders continue to adapt to the increasing market volatility, project management is playing a big step closer to business strategy. A fully aligned programme and project portfolio management strategy includes the entire organisation, mandating project execution at every level and aiming to deliver value at each step. Best Steps to an Efficient Project Community Recognising the most definitive drivers that critically impact the skills requirements and competencies development of the project community in the manufacturing industry is essential. Identifying these four drivers and implementing the right measures respectively is paramount to achieving project success. Given the dynamics of the manufacturing industry, the pressure to produce, to gain or retain competitive advantage […]