Importance of project management
Why is project management important and what awesome power exists with project management in today’s business environment? The first reasons that come to my mind about why project management is important are tighter budgets, diminishing resources, more and more time
constraints, and competition to improve the ways we do business.
Project management is applicable to many industries and organizations. Some key industries that use project management include: telecommunication, construction, information technology, software development, banking, manufacturing, professional engineering and architecture, computers, etc.
Project management is very important in today’s business environment when one considers the consequences of the absence of good project management. Here are some of the consequences that can be experienced with the lack of or poor project management: missed deadlines, cost overruns, poor workmanship, conflicts among team members, redoing work to correct errors, unclear directions for the project, continuous changes in project scope, forgotten key tasks, poor morale of team, duplication of effort, etc. Because of these potential consequences, project management is critical to a project’s success.
Today, one cannot deny from the fact that an effective project management can help in meeting or exceding customer expectations, maximize the use of your resources (time, people, money, space, etc.). Looking at the current prospective, one can actually bring the project to a successful conclusion on time and within budget and build confidence in his or her team for future projects.
Project management is applicable to many industries and organizations. Some key industries that use project management include: telecommunication, construction, information technology, software development, banking, manufacturing, professional engineering and architecture, computers, etc.
Project management is very important in today’s business environment when one considers the consequences of the absence of good project management. Here are some of the consequences that can be experienced with the lack of or poor project management: missed deadlines, cost overruns, poor workmanship, conflicts among team members, redoing work to correct errors, unclear directions for the project, continuous changes in project scope, forgotten key tasks, poor morale of team, duplication of effort, etc. Because of these potential consequences, project management is critical to a project’s success.
Today, one cannot deny from the fact that an effective project management can help in meeting or exceding customer expectations, maximize the use of your resources (time, people, money, space, etc.). Looking at the current prospective, one can actually bring the project to a successful conclusion on time and within budget and build confidence in his or her team for future projects.
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