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Why is Project Management so Important?
 

What Can We Do For You?

How Will This Impact On Your Business?

   

 

 

Why
 Why Is Project Management So Important?

Technological advances affect everyone, both at home and at work. If you are to survive in this climate you have to accept that the concept of change is good and learn to use it rather than fight against it. you need to determine what change means for you, how you will be affected and how you can respond to manage change effectively, rather than let it manage you.

At work, change is often a subtle, accumulative process which generates new work practices or habits and becomes accepted in normal day-to-day operating activities. However, major change can create a significant disturbance to this feeling of normality and cause adverse reactions in people. Such changes are sometimes inevitable and it is only the pro-active management of the change process which can minimize reactions and their consequences to make a contribution to your organization's future success. I you are to be effective in this pro-active mode you need to determine in advance the strategy and tactics of introducing a major change. This is why you must plan, to avoid difficulties or at least attempt to reduce them to a controllable level.

The process of Project Management offers you a dynamic way to control change effectively in a structured manner.

 

There are some companies that have built reputations for being able to consistently manage projects effectively. However, the vast majority of organizations have a more spotty reputation. Does your organization have any of the following characteristics?

  • Projects completed late, over budget, or not meeting the functionality requirements of your client

  • Weak standard processes and techniques used inconsistently by project managers

  • Project management is reactive, and not seen as providing value

  • The time required to manage projects proactively is not built into the work plan, since it is considered 'overhead'

  • Projects are 'successful' in spite of a lack of planning and project management, though heavy stress and overtime work throughout the life cycle. 

 

 

Project Management is the planning and the management of that plan's implementation for a project. It refers to the procedures and techniques used to assist in project planning, analysis, scheduling and control.

 

Project Management is probably the most critical role through out a digital project. Mostly because a vast amount of coordination has to be accomplished between many competencies such as Client Services, Strategy, Design, Programming, Engineering, and QA. Approximately 75% of all project failures are due to poor project management in digital development. A crystal clear understanding of project management is required for any company before it embarks on any type of digital endeavor

Project Management is a critical role within a digital project that acts as the ‘glue’ in bringing different competencies together and coordinating the flow of information between them. The Project Manager must be able to play several functions including an advisor, a planner, a manager, and effective communicators, a technologist, a politician, and a businessperson.

A Project Manager must be able to question and pinpoint potential obstacles in a project at the beginning of the project. A project manager should be able to ask and answer some of the basic questions listed below before every project:

· Who are the key stakeholders in the project?
· What are the expectations of these stakeholders from the project?
· What resource constraints are present?
· What is the opportunity cost of not pursuing this project?
· How many people will work on the project?
· What tasks are involved in building, testing, and implementing the proposed project?
· What technology is available in building, testing, and implementing the proposed project?
· What are the time constraints? Are they feasible?

These are some of the questions that project managers must address before any project. The project manager basically has to build, test, and implement (to bring to reality) ideas developed by strategists and senior management within the company.
 

A project is a set of tasks planned to meet an objective.

 

Project management is the process of planning, organizing, and managing tasks and resources to accomplish a well defined objective, usually within constraints on time, resources, or cost.

Most projects share common activities, including breaking the project into easily manageable tasks, scheduling the tasks, communicating with the team, and tracking the tasks as work progresses. Generally, successfully completing each task will result in a successful completion of the project.

All projects consist of three major phases:

  • Create the project management plan,
  • Track and manage the project,
  • Ship the deliverables, release the resources and close-out the project

As a rule, business projects have a significantly better chance of success if they are implemented using a well defined project management methodology. Depending on its size, a typical project will include some or all of the following:

  • a common vocabulary,
  • teamwork,
  • the project cycle,
    • system requirements,
    • preliminary design,
    • detailed design,
    • code and debug,
    • test and pre-operations,
    • operations and maintenance.
  • project management elements,
    • define scope,
    • requirements,
    • organising,
    • project team,
    • planning,
    • opportunity and risk management,
    • project control,
    • visibility,
    • status,
    • corrective action,
    • leadership.
 

"Project management is now used by many companies large and small to increase the success rate of IT projects."

Source: Visualising Project Management. Forsberg et al (2000)

 

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What
What Can We Do For You?

We can manage your project for you through it planning and implementation processes for you. Our C.E.O. is experienced in managing projects for clients and has managed projects for clients such as:

  • Fincor

  • The Housing Development Corporation

  • The Port Authority of Trinidad & Tobago
     

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How
How
Will This Impact On Your Business?

Typically all organizations perform operations that are key to their existence. The execution of these normal everyday activities tends to utilize most of the organization’s resources. For many organizations, projects are a means of responding to requests that cannot be addressed within the organization’s normal operational limits.

 

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