What is Project Management?
Project management is all about different processes, planning, executing work in a team in order to achieve the project objectives. Projects are generally considered successful when they achieve the project objectives according to the budget and time restraints.
Project management uses standard methods and techniques in the management process. The company normally hires project managers to manage, plan, create a schedule and indicate required resources.
Recent developments have allowed project management to improve and automate. With the development of technology and use of purpose driven software, project management has grown and evolved, and, most importantly, made easy.
Where does it start?
Great project management starts at the administrative level, where company goals drive investments into these tools. Value is then measured through: Lower costs, greater efficiencies, enhanced stakeholder satisfaction and greater competitive advantage. More organizations are starting to see the benefits of investing time, money and resources to buy organizational project management.
Although these benefits may vary from person to person, potential key benefits of excellent project management execution are:
Better Service Delivery
When jobs get done on time and within budget, you and the client are both able to mutually benefit from this. Being able to effectively keep track of deadlines and juggle various tasks, your client walks away happy and you get the job done.
Greater Competitive Edge
With great project management comes great benefits, enhanced efficiency, and well-executed projects will not only help you yield profits but benefit you intangibly as well by enhancing your position in the competitive market which will turn over into more business in the long run.
Adopting technology and understanding systems will provide a “roadmap” to follow which leads to project completion. This enables you to effectively delegate tasks, manage contractors and access up to date information efficiently. Needless to say, you’re going to be working smarter not harder