After over 20 years in the capital equipment business, I have come to realize the importance of experience in managing a capital project, as well as having a plan. The intent of this article is to offer new and even experienced capital equipment project managers some strategies to help ensure a su
Customers ask from time to time – What information do you need to enable you to provide a quote for us? After responding, I find that my answers are never as comprehensive as I wish they had been. So we have constructed a more comprehensive list of recommendations related to Request for Quote
The late Stephen Covey taught us to begin with the end in mind. This is a useful mindset for life and business. Beginning with the end in mind for a capital project is critical for ensuring success of the project. Just like a house is not built without the plans completed, a capital project sh
Algorithms and integrated networks (Industry 4.0) will change the landscape of equipment in the years to come. The power of well-constructed, self-healing, and adaptive networks is difficult to comprehend at this stage of their developmen
Communication is the most important skill for success in project management. Keeping the team on the same page with detailed but simple communication is critical for being a top project manager. Communication is an essential part of community and life. We communicate each day in many ways wit
One of the biggest challenges I see customers face is financial approval. Proposals are rejected most often for one of two main reasons: Insufficient ROI – When the finances don’t add up, there is no reason for finance to approve the project. However, there migh
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