The next question which comes to mind after understanding about various types of project life cycles is why project management is even required? Why do we need a project manger? Why a manager need to acquire project management skills. This post answers the similar questions with a help of short and easy to understand tips.
Table of Contents
Why Project Management is Important
A project relates to an organization’s objectives and strategy. If the project is not aligned with the business strategy then it is not only bound to fail but also waste resources. Project management helps align projects with the organizational strategy and business goals. A major reason the question why project management is required is that It ensures each milestone is aligned with the strategy throughout the project life cycle.
Brings People and Teams Together
Every project needs a team of individuals having different skills who can deliver it successfully. Project management provides ways to bring all those people together as a team to collaborate with each other to successfully complete a project. It defines the methods for planning and executing the project involving all the team members. That’s why project management has to be at the heart of every project.
Helps Set Proper Expectations
Project management helps ensure that proper expectations are set around a project, realistic project planning is done, and proper estimates for budget, time, and resources are set. It helps to specify achievable deadlines and milestones, and a clear schedule to do that.
An inappropriate use of resources can become a cause of project failure. Without a methodology or framework, there is always waste of resources. Project management frameworks or methodologies help avoid such waste by appropriately using the organizational resources, whether human or
Helps Avoid Waste of Time & Resources
Helps Put Right Plan in Place
Without proper planning, you do not know where you are and where you want to go. This situation wastes a lot of time which costs money to the organization. Using project management techniques, you can create a schedule of the complete project, setup milestones, and establish deadlines. It helps you put the right plans in place.
Realizes Business Outcomes
The delivery of business out-comes is realized through the success of projects, and in essence that is the way that project management strategies drive organizational success.Adrian McKnight
Manages Integrations with Other Systems
Projects do not occur in vacuum, rather they are integrated with many different business processes and units in the organization. Project management helps to manage these integrations across the organization to cater the value aspect of project in the business.
All these factors indicate the reasons why project management is important in the overall execution and completion of a project.