Every company is built around 5 factors – knowledge, labour, capital, entrepreneurial/ organizational vision and (land). These five factors are managed or organized upon three elements – people, processes and tools. So, for “raw materials” in the production systems to be transformed, using these factors, into products and services, to fix the frictions in markets, companies must harmonize the interdependent relationships within people, processes and tools.
The core construct of project management rests on that interface. And when you bring the economics (hello, Engineer Turns Manager in my Engineering Management course by Prof PBU Achi in FUT Owerri), you can ascertain how effective the translation of inputs into finished products or services have become, across many vistas, including cost efficiency, product quality and execution time.
Join us at Tekedia Mini-MBA for a lecture on “Effective Project Management and Economics” by Olanrewaju Daodu. Our Faculty is a zen-master in project management: “.With a First-Class Honours degree in Construction Management from the University of Newcastle, I excel in driving project deliverables through a strong foundation in quality assurance, regulatory compliance, and stakeholder management. My expertise includes project management, automation, business intelligence, process improvement, and safety protocols”. He will teach today in the #best school.
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Register for Tekedia Mini-MBA (Sept 9 – Dec 7, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.