Project Management for the manufacturing industry allows the project manager to stay flexible and dynamic throughout the project thus streamlining the process and eliminating wastage. The manufacturing industry is gearing towards innovation, efficient production, and output, adapting to the product demand, and making available the right resources at the right time within the premise of contracts and agreements is the base of project management.
The manufacturing industry has its difficulties and challenges with the main pain points is managing the time, scope, quality, and cost. Manufacturing project managers can gain enough knowledge from PMP training that will result in easy tracking of the project, effective utilization of the tools, improved risk management strategies, and increased team flexibility.
The PMI, USA reports that the organizations involved in manufacturing loose about an average of 9.9% globally due to poor project performance. Hence by integrating project management into the manufacturing industry we can not only improve the performance but also the quality of the project to deliver the best results.
PMP training for professionals from the manufacturing industry utilizes knowledge, tools, and processes to manage the teams that are involved in initiating, planning, executing, monitoring, and controlling and closing the project. The Core Knowledge areas are:
- Project Integration Management: For effective co-ordination between various project elements
- Project Scope Management : To ensure only the required work is included
- Project Schedule Management : To manage the project duration and milestones
- Project Cost Management : To identify the resources and keep the budget under control
- Project Quality Management : To ensure that all the Quality requirements are met
- Project Human Resource Management : To develop and employ the project professional effectively and keep them motivated
- Project Communication Management : To manage internal and external communications with efficiency
- Project Risk Management : To identify, analyse, and mitigate the potential risk
- Project Procurement Management : To obtain resources and manage contracts
- Project Stakeholder Management : To identify individual, people, groups and organizations that would impact or are impacted by the project