Manufacturing Process in a Mind Map: The 8M’s Significant PrinciplesNancy
The 8m’s principles are quite popular in the manufacturing process or some other related business projects. Have you known all of the specific meanings? Let’s check out them together now.
The Markets Factor in the Manufacturing Process
The markets factors are mainly about the feasibility and viability of different types of construction projects. Besides, managers should consider both economic and social influences on their programs. More specifically, team leaders may think about issues like the rate of return on their investments, or some possible channels.
The Methods Aspect
The methodology part of the manufacturing process shows the professional technical approaches to design and maintain projects. In such cases, for example, for a public sector construction project, many different roles may be involved: the manager, the engineers, the surveyors, the architect and so on. The construction project manager checks out the overall scope of the work, update milestones, set budget and time period for every single task. Moreover, the destroying rate of the building should also be considered.
How about the Management
This part is mainly regarding skills of corporate planning, the internal communications of the whole project team, and final aims of the construction projects. Sometimes the construction project manager may also cooperate with other business organizations or non-profit institutions for sharing resources.
This section of the manufacturing process is about handling with different kinds of financing and budgeting activities to make a profitable business. The finance researcher of a project team should have good knowledge in financial management and the control of mechanisms. At the beginning of a project, the team leader should carefully monitor every funding channel from their partners. If necessary, the team should build a good relationship with business banks for loans.
Materials You Need
The uses of materials in the manufacturing process are essential to nearly every construction project. The uses of materials or resources may be largely depended on the scope of the projects. For example, for complex programs, the materials may include different types of chemical elements, metal products, electrical appliances and more. What’s more, the procurement team should research, sort and utilize the suitable materials for their business.
This issue of the manufacturing process is about the distribution of men and women staff for a construction project. The most important point here is to find out, train and manage the suitable employee for a project. For example, for a public transport program, the roles of machine operators, security staff, drivers and so on may require more meal employees than female employees.
The machinery factors cover a wide range of equipment and tools that are useful for achieving successful projects during the manufacturing process. Such factors may involve motor vehicles, site equipment, and public building mechanical equipment etc. The construction manager should seek the best solution for the utilization and maintenance of their machinery.
The Mindset Principle
The principle here reminds the construction team to search for the target markets by using suitable management skills and knowledge, like funding, resources management and so on. Normally, it is not easy for construction project beginners or someone who just have limited experiences to undertake programs based on strong mindset. A complex project usually requires quite good work-under-pressure skills and outstanding leadership sprint. In this case, an experienced construction manager should be able to catch any chances according to external changes and the other factors in the 8m’s in the manufacturing process.