Realize Significant Savings through Program Management
Project management impacts the entire project lifecycle, from inception to completion. In today’s volatile marketplace, businesses are grappling with supply chain challenges. The rise of eCommerce and bottlenecks in the global supply chain make these challenges even more complex.
Studies show that effective project planning leads to improved performance, with 45% of survey participants citing inconsistent practices and processes across teams as one of the top challenges in adopting project management implementation. Leveraging a project management framework when initiating a supply chain project with your 3PL partner is essential.
What is a project management framework?
It’s a set of methods, processes, and rules applied to the entire project lifecycle, from inception to completion.
Project Management Framework in the 3PL space
A high-level framework can be tailored for each project by consolidating and adapting standardized processes. Continuous improvement can come with each project.
In project management, plans evolve and are adjusted throughout. A plan-do-check mentality, with Gantt charts updated daily or weekly with corresponding alerts can be beneficial for everyone involved.
Formulating a stakeholders’ plan of action
Ensuring a smooth process starts with identifying the short-term goals for the project. Documenting the plan and tracking progress is essential.
At the onset, establishing good communications is important and can include mass email, daily meetings, and shared documentation.
Updates are provided, successes are shared, and improvements or adjustments are made.
Each person involved in a process is a subject matter expert (SME). Leverage each SME’s knowledge by having lead the parts of the process that relate directly to their expertise.
Effective technology ensures project management success
Technology helps project teams accomplish more in less time and provide data for decision-making and measuring. It facilitates efficient communication, real-time status updates, and social collaboration across local and remote project teams. Since 39% of project teams are composed of 6-10 people; 30.5% have more than 10 people; and 30.5% are composed of 1-5 people, communications are vital to success.
Benefits of achieving efficient project processes:
- Consistency where all steps are completed, planning is thorough, and no details are forgotten
- Clearly defined project scope, to avoid confusion
- Collaboration among all stakeholders from start to finish
- Continuity of well-defined steps makes it possible to refine and improve the process each time
- Communication between project manager, team members, and stakeholders throughout the process ensures a smoother project workflow
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Contact us to learn how a partnership with Hollingsworth will optimize your order and inventory management, improve customer satisfaction, and grow your business.
Call us at (877) 434-0001 or send us an email. You can also fill out our online contact form to tell us about your project needs.
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