For those who have never worked in a project management focused environment, it can be hard to see why having project teams with experienced Project Managers, Business, Analyst, Project Coordinators, etc. Is so important. Besides from a financial point of view, it’s extra resources that you would have to hire into your organization (if you do not already have them), and more time needed to training and get them up to speed on your business. The fact is that it’s not about putting just the resources in place, but also putting together the right project management processes in place to see why project management matters. If you have the right resources and the right structure to fit your organization, the return on investment of implementing project management by far outweigh the cost of the resources that you on-board.
Project management saves your company a lot of money by organizing your projects in a way that helps your company run more efficient in a shorter time. Imagine having projects with no structure around it causing you to run the risk of having the wrong stakeholders, gathering incomplete requirements, doing poor planning to implement, which then leads to poor execution, rework due to bad quality, and then more cost to re-implement the project.
With that same example, you would have to go back and restart portions of the project leading to more time taken to implement a final solution. This leaves the door open to have a constant cycle of restarting your project to fit stakeholders’ needs. Wasted time for a business usually means less productivity and the risk of not meeting the organization’s goals. Proper project management also gives a real expectation of timelines based on resources and risk to make better business decisions within your organization.
Re-enforces Business Strategy
Most organizations have many projects going at the same time. It may not be difficult to run the projects, however the question is, “Are you running the projects strategically?” Often when implement project or programs, a good process takes all projects in consideration when deciding how they should be prioritized. They should be prioritized based on resources and dependencies. Starting a project too early or too late can cause the failure of another project or business strategy.
So if you’re looking for your organization to save time, money, and stay on track with the strategic vision of your company, project management is the way to go. You need not only project management, but proper project management processes to keep your company running like a well oiled machine. At SuccessPMP, we help your organization move into the path that fits your organizations’ needs.None found.