What is Bullwhip Effect in Project Management and why is it essential for you as a project manager to understand this concept and plan your project risk management strategy accordingly?
The Bullwhip Effect is a macro phenomenon in a supply chain when the demand for a product fluctuates unexpectedly. if you are planning to develop your career in project management with certifications such as the PMP Certification, a good understanding of key project management topics is of utmost importance to build your overall profile. So that way, while certifications like the PMP give you the right credibility, the knowledge about critical project management concepts such as the Bull Whip Effect provides you with the required subject matter expertise.
#bullwhipeffect #riskmanagement #projectmanagement
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