According to a survey by the Project Management Institute ( PMI ), only 58% of organizations realize the real importance of project management and how it allows them to effectively address the problems they face.
A clear understanding of project management and having an effective project management system in place can do wonders for your organization. Project management is relevant because it prevents your project from going out of scope.
Benefits and importance of project management
1. Constant communication:
No project plan is complete without a solid communication structure. Communication in project management is an extremely important aspect that can have a significant effect on the performance of a team.
Project managers must ensure that the entire team shares a collective end goal and works together to achieve it. The overall efficiency and productivity of the entire team is significantly improved, leading to other benefits as well.
2. Effective allocation of resources:
nThe greatest resource any project manager has at his or her disposal is team members. The project team is made up of people from different backgrounds and departments and may have other commitments. Through proper project planning, you can ensure that they are available when needed.
Similarly, other resources such as budget, tools, machinery and others can be organized effectively to avoid project delays during execution. By correctly allocating each resource early on, you can also monitor the phases that are most demanding and prepare accordingly.
By discovering a more intelligent and efficient address, you can ensure that each prioritized task is optimized to give you the maximum performance at the lowest cost.