Why Value Project Management

Why Value Project Management

Why Value Project Management

A lot of companies are beginning to adopt the project management concept. Even if you are comfortable with the way your business is operating, there is always room for improvement. While you may not like constraints, the competitive environment which you are in entails a more disciplined approach to gaining market share or even surviving.

According to Just Enough Project Management by Curtis R. Cook, there are also other specific reasons to why companies should use project management. These reasons are as follows:

It identifies a point of contact and accountability for the total success of the project

By placing one person in charge, workers know who to go to with questions during design, development, production, test, and deployment. They are given authority and liability throughout the entire project.

It focuses on meeting the needs and expectations of customers

A project manager is authorized to understand the requirements needed to fully satisfy potential and current customers.

It improves performance in time, cost, and technical areas

If a project managers only purpose is to complete a task, then he or she has no other choice but to get it done accordingly. Finishing a project in due time is easier for experienced individuals.

It reinforces project teams and improves morale

Constrained environments mostly create an immediate performance challenge. The outcome normally helps project teams work together a lot better than functional teams.

It manages risks

During project planning, the team is able to brainstorm any possible negative impacts (lack of resources, bad weather, indecisive customers, etc.) and then give responses before performance begins. This will result in fewer surprises and disasters that threaten project completion.

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