Aerospace and Air Transport
We transform the aerospace sector's challenges into opportunities for innovation, fostering robust governance practices.
The Challenges in the Aerospace and Air Transport Projects
The aerospace industry has navigated substantial challenges, including the impacts of the pandemic, inflation, conflicts, airline restrictions, and elevated fuel costs. Despite these hurdles, the sector remains ripe for growth and innovation.
The persistent demand for air travel, alongside the potential for substantial investment in groundbreaking technologies like electric and hybrid aircraft, supersonic travel, and autonomous flights, underscores the importance of driving innovation and growth within the industry.
With over two decades of experience in project management and collaborations with both private enterprises and government bodies on intricate programs and projects, Ricardo Vargas is well-equipped to assist your aerospace company in enhancing governance and navigating industry challenges.
Whether your needs span risk management, strategic planning, or project assessments, our arsenal of tools and depth of knowledge are at your disposal to ensure your success.
How We Support the Aerospace and Air Transport Sector
- Reevaluating the Project Portfolio - It's critical to reassess your project portfolio and program management to ensure alignment with organizational goals. Achieving success in the current landscape demands flexibility, adaptability, and responsiveness to change.
- Change Management - Embrace the necessary shifts brought about by digital transformation, heightened sustainability efforts, the advent of new technologies, and enhancements in operational safety. This includes the maintenance and training of pilots, diversification, and the consolidation of supply chains.
- Crisis Response Planning - Utilizing tools and simulators for crisis response planning enables the crafting of proportionate responses to both threats and opportunities, ensuring preparedness and resilience in the face of uncertainty.
What Kind of Support Can We Provide to You in the Aerospace and Air Transport
Establishing a Project Management Office (PMO)
Ricardo Vargas has helped to establish more than 100 project offices across several major industries, including oil and gas, mining, petrochemicals, construction information technology and financial services.
Together, these projects represented more than US$20 billion in investments.
We can help your PMO address:
- Maturity assessment and gap’s analysis
- Hybrid approaches to project management
- PMO team development
- Technological infrastructure analysis
- Proof of concept and pilot projects
Portfolio Selection and Optimization
We can help compare different projects using mathematical modeling and simulations.
In addition, we can help you with:
- Portfolio maturity assessment and gap analysis
- Design of portfolio management models
- Application of the Bayesian estimator to model the intangible benefits of administrative projects or those not directly measurable
- Comparison criteria definition
- Budget and financial reserves modeling
- Creation of portfolio performance indicators
Use of AI and Machine Learning to Leverage Project Performance
Ricardo was a pioneer in the use of Artificial Neural Networks to predict project behaviour. In 2015, he published the paper Applying Neural Networks and Analogous Estimating to Determine the Project Budget. In 2018 he founded with partners PMOtto, the first chatbot to employ machine learning to help manage projects and utilize project management software.
We can leverage machine learning to help your organization with:
- Sentiment analysis
- Task prediction
- Project status trend analysis
- The use of productivity AI assistant
- Resources allocation to address team experience and knowledge
- Financial forecasting and market crisis analysis
- Fraud detection
Project Recovery
A crisis can completely derail even the best-planned projects. We have a wealth of experience helping organizations regain focus and momentum after suffering a crisis or setback.
Our services include:
- Recovery plan development and implementation, employing Quick Wins® tools.
- Alternatives and outcomes assessment
- Premature project termination
- Support to leadership on recovery decisions
- Critical response and contingency implementation
Quick Wins® for Accelerated Planning
Imagine going from nothing to complete in 3 weeks! Our industry-leading Quick Wins® methodology can be used to structure and execute a project when circumstances do not allow for a normal planning process.
This can provide your organization with a tremendous competitive edge when project completion represents the difference between leading and following industry trends.
Quick Wins® can help guide:
- Status assessment
- Team planning and composition
- First version definition
- Design and implementation of a communications plan
- Contingency process implementation
- Identification of risk triggers
- Project-specific leadership training and coaching
- Support through to project operation
Crisis Planning and Management
We can help your organization respond to both external and internal crisis.
This can include both proactive preparations and contingency plans to minimize damages in the aftermath of a crisis.
Our expertise can assist with:
- Pre-crisis planning
- Crisis trigger mapping
- Crisis room design and implementation
- Emergency Response teams
- Impact assessments
- Critical Response implementation
- Media and stakeholder communication
Enterprise Risk Management
Using the latest mathematical simulations and machine-learning algorithms, we can help your organization develop a predictive system to monitor for the inflection points in your industry – and the opportunities that accompany them – that many of your competitors may overlook.
We can help you deal with:
- Scenario planning and environmental scanning
- Risk thresholds definition
- Risk triggers
- Risk database development
- Simulation modeling
- Bayesian estimates of intangible benefits
- Modeling of financial reserves
- Risk performance indicators definition
- Sarbanes-Oxley Act requirements
Change Management Consulting
We can support your change management journey, from initial assessment to workforce transformation and readiness for change.
We can help you address:
- Change readiness assessment and budgeting
- Identification of change drivers and sponsors
- Workforce engagement and transformation
- Stakeholder mapping
- Communications planning
- Human resource management
- Promotion of psychological safety
Ready to Take Off in the Aerospace and Air Transport Industry?
Take your aerospace and air transport business to new heights with our expert support and guidance.