Manufacturing
We assist industries in setting priorities, choosing the right technologies, and developing products that offer the greatest value to end-users.
Strategic Solutions for Growth: Impact on Industry Segments
Ricardo Vargas has significantly contributed to various industry segments through his vast expertise. His efforts have been directed toward developing and prioritizing portfolios, which include process definition, technological innovation, team enhancement, and product development. The goal is to foster growth on a firm foundation and meet the challenges of a dynamic market.
How We Support the Manufacture Industry:
- Portfolio Management and Strategy Alignment: Utilizing the Analytical Hierarchy Process (AHP) and ROI comparison, Ricardo Vargas brings over two decades of portfolio management experience to help develop and execute your industry's portfolio and programs. This strategic alignment is designed to propel growth and enhance profitability.
- Technology Implementation and Risk Management: The adoption of new technologies like Artificial Intelligence (AI) and the Internet of Things (IoT) has been shown to increase business value for 36% of industry sectors (Gartner Report). Our risk and change management processes are crafted to navigate and capitalize on the challenges and crises of today’s volatile, uncertain, complex, and ambiguous (VUCA) world, turning them into competitive advantages for your sector.
- Adaptive Project Management Approaches: As highlighted in Beyond Agility (2021), 21% of manufacturing industries have embraced agile project management techniques, with 59% utilizing predictive models and 17% employing hybrid methodologies. Ricardo Vargas, leveraging his extensive knowledge of various project management methodologies, works collaboratively with your team to choose the most suitable management models for each project or component, ensuring the delivery of maximum value.
Our Clients in Manufacturing
All clients
What Kind of Support can we provide to you in the Manufacturing Industry
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
Hybrid Models
Our clients have unique needs that cannot be met by any single model of agile transformation. For that reason, we build and implement hybrid models that combine Waterfall and Agile methodologies.
Ricardo Vargas is committed to taking the best parts of each methodology to find a tailored approach. We combine precise scope delivery with daily scrums while helping to create risk registers with Kanban methods.
We will help your organization:
- Plan coexistence of Waterfall, Agile and Hybrid methodologies
- Plan Agile sprints and scope definition
- Utilization of Agile Work Breakdown Structure (WBS)
- Establishment of Scrum Master and Project Manager
- Improve WOW with Disciplined Agile delivery
- Iteration planning
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
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
Quantitative Methods and Risk Simulations
Increase the reliability of your forecasts with the most sophisticated mathematical and statistical simulators.
We are pioneers in the implementation of risk analysis simulation, with strong experience in the use of Monte Carlo Simulation and other methods.
We can also help with:
- Risk data modeling
- Simulation software implementation and setup
- Data planning and structuring
- Scenario planning
- Statistical treatment of results
- Mathematical modeling and estimates of financial and time reserves
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