Project Management Central

Please login or join to subscribe to this thread

Topics: Aerospace and Defense, Innovation
What are the best project success monitoring measures used in manufacturing industry?
Network:665



Currently in my organization we track schedule (project milestones & completion date) using Concerto and quarterly budgeted vs actual cost and Expected Cost to complete the project using ERP. Risk/issues being tracked separately. Kindly share practices in your organization.
Sort By:
Network:339



Amresh, Directly related to manufacturing, most of the meaningful metrics I see relate to the industrial performance rather than the direct cost and schedule measurements of the project management. They tend to come straight out of any Lean Manufacturing handbook: takt time, waste, rework, schedule disruption, inventory levels, etc.

Whether you completed a project on time and within budget is nice. Whether you pushed problems from the project office to the manufacturing floor is what really matters in terms of business performance.

In manufacturing, the engineering labor accounts for something like 5-10% of the project cost, but designs in 90+% of the overall cost. This is where more traditional and newer "agile" approaches can find themselves at odds. Do you spend the money up front to do it right the first time, or do you accept the inherent imperfection of that approach and use iterative development to work out the problems?
Network:665



Thanks Keith

Please login or join to reply

Content ID:
ADVERTISEMENTS

"The man who views the world at 50 the same as he did at 20 has wasted 30 years of his life."

- Muhammad Ali

ADVERTISEMENT

Sponsors

Vendor Events

See all Vendor Events