A recent study by Engineering.com indicated there is a significant gap between how Industrial Equipment Manufacturing companies value specific aspects of their project execution and how they judge their performance. In order to address the challenging aspects of product development projects, it was determined that projects with a web-based Product Lifecycle Management (PLM) solution will perform higher.
Learn how PLM solutions with embedded project management can uniquely provide the following operational best practices:
Full alignment between projects and the product portfolio in order to leverage common technology platforms and launch products to market faster
Coordination of a project’s schedule and resources, with its scope as defined by requirements and development constraints, in order to meet market expectations
Automatic project task updates as development work is completed to provide a real-time understanding of project status and progress
Mitigating project risks based upon real-time status of product development— designs, change orders, defects, etc.—in order to stay on schedule and within budget
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