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Or the automotive firms, who watched Tesla with the condescending view that electric cars would just be a fad, until they also realised the true potential. Projectmanagement means managing against robust plans, laying out deliverables, resources, costs, risks and so on.
It has been applied for decades in certain industries, notably automotive and aerospace, and is now recognised as a priority at most organisations. Efficient communication, the ability to securely share information and project-manage efforts are all key to scaling collaboration across more processes, suppliers & categories.
For example, consider the challenges in the automotive industry that stem from the supply chain issue in chip manufacturing. Surprisingly, competitive sourcing has decreased in 2022, down from 48% to 44%, mainly because of rising prices that put suppliers in the driving seat. Risk Metrics.
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