Project management course is important in ensuring the success of all projects. While Managing a project from start to finish not only means managing a group of people with different skills and talents. It is also managing day to day risks and issues. Project managers are responsible for planning and executing the project objectives. Tasks and activities are outlined and communicated to the team to ensure that these are carried out with minimum delay. Each project follows a Project Life Cycle. A sound project plan can mean the difference between success or failure.
It’s a hard skill to master, but well worth learning. And here’s why:
Defines a plan and organises chaos– projects are naturally chaotic. The primary business function of project management is organizing and planning projects to tame this chaos. However, a clear path mapped out from start to finish ensures the outcome meets the goals of your project.
Establishes a schedule and plan– Without a schedule, a project has a higher probability of delays and cost overruns. A sound schedule is key to a successful project.
Enforces and encourages teamwork– A project brings people together to share ideas and provide inspiration. Collaboration is the cornerstone to effective project planning and management.
Maximises resources– Resources, whether financial or human, are expensive. By enforcing project management disciplines such as project tracking and risk management, all resources are used efficiently and economically.
Manages Integration– Projects don’t happen in a vacuum. Business process, systems and organizations integrated them.
You can’t build a sales system that doesn’t integrate with your sales process and sales organization. It wouldn’t add much value. Integration is often key to project value.
Project management identifies and manages integration.
Controls cost– some projects can cost a significant amount of money so on budget performance is essential. Using project management strategies greatly reduces the risk of budget overruns.
Manages change– projects always happen in an environment in which nothing is constant but change. Managing change is a complex and daunting task. It is not optional. Project management manages change.
Managing quality– Quality is the value of what you produce. Project management identifies, manages and controls quality. This results in a high quality product or service and a happy client.
Retain and use knowledge– While projects generate knowledge or at least they should. Knowledge also represents a significant asset for most businesses. However, knowledge if left unmanged tends to quickly fade. Thus,project management ensures that knowledge is captured and managed.
Learning from failure– Projects do fail. When they do, it is important to learn from the process. After all, project management ensures that lessons are learned from project success and failure.