Project management

Posted by Winnie Melda on March 13th, 2019

 Introduction

Project management is the process by which an individual or organization applies aspects such as processes, methods, knowledge and experience to accomplish the set goals of a project. Many organizations are using this tactic to accrue its benefits and also to ensure that the organization completes the objectives of its prospects. This paper outlines the reasons why these organizations choose to apply project management and the potential advantages and disadvantages the organizations are likely to experience.

Reasons Why Project Management is Popular among Organizations.

There are many reasons why organizations are using this strategy. One of the primordial reasons is that project management eases the coordination and control of projects. These projects are temporary and unique from the organization's operations; therefore, project management offers the tools necessary to make these ventures succeed. Most businesses face challenges of running projects due to large scale planning as such necessitating the project management skills to ease the running operations of the organization. Applying project management to projects in the organization reduces the risks and costs incurred by the organization in the execution of the project. It also improves the rates of success of the projects.

Businesses also realize that the successful alignment of the project collections through successful project management is increasing the business value of the organization. Organizations also realize that the successful administration of the projects through project management ensures that these organizations remain competitive in the industry. Metrics carried out by organizations reveal that project management is helping organizations to increase customer satisfaction. These factors are pushing organizations to apply project management as it is creating opportunities for success through maximally utilizing the limited resources.

Advantages of Execution of Project Management

There are many benefits of using project management. One of these benefits is increasing the efficiency in the delivery of services. It offers the opportunity of producing high end and quality products that elevate the customer satisfaction of the organization. These aspects build the brand name of the organization. Execution of proper project management skills offers a competitive edge for the organization by ensuring the organization delivers quality goods and services to the clients. Project management also elevates the levels of flexibility of the business. Project management also reduces the risks taken by an organization in the implementation of a project. Effective project management also reduces the amount of funds lost to overhead and operation costs. It ensures that the organization spends the correct amount of funds, utilizes the limited resources to produce quality products. Project management also increases the success chances of executing a project. Project management also provides consistency to the productions of an organization.

Disadvantages of Using Project Management

 Project management also has some disadvantages such as cost overhead. Project management costs money to implement successfully, and the steps involved are time-consuming. The entire process of changing the internal structure of the organization to adapt to project management is complicated. Employing project management introduces other layers of communication that may confuse the current organization of business. Employing project management in a company reduces the creativity levels of the company both at the management and the technical levels. The introduction of project management disrupts the organizational culture. Project management does not give room for the development of relationships since most project managers come from external sources. It is cheaper to hire someone from outside than those from inside.

Conclusion

Project management is a trending approach that most organizations should employ. Even though the process has some disadvantages, the advantages of implementing project management outweigh the disadvantages.

Carolyn Morgan is the author of this paper. A senior editor at MeldaResearch.Com in paper college 24/7. If you need a similar paper you can place your order from custom nursing papers.