Project Management
What it is and why you need it.

Project management is a carefully planned and organized effort to accomplish a successful project. A project is a one-time effort that produces a specific result, for example, a building or a major new computer system.

Project management includes developing a project plan, which includes defining and confirming the project goals and objectives, identifying tasks and how goals will be achieved, quantifying the resources needed, and determining budgets and timelines for completion. It also includes managing the implementation of the project plan, along with operating regular 'controls' to ensure that there is accurate and objective information on 'performance' relative to the plan, and the mechanisms to implement recovery actions where necessary.

Research shows that the top 9 reasons why projects fail are:

  1. Scope Crepe - when projects extend beyond the timeframe that was allotted for the project to begin and end.
  2. Improper Use of Human Resources - when there is an uneven workload, and more people are doing more than others.  This leads to internal team conflict and distractions.
  3. Poor Communication - typically happens when team meetings are not consistent.
  4. Bad Stakeholder Management - sometimes stakeholders, mainly because they think they have a right, overstep their boundaries more than they should.  Project Management rules must be put in place and adhered to.
  5. Unreliable Estimates - only years of experience in managing projects will give you the wisdom on how to estimate realistic deadlines and costs.
  6. No Risk Management - All endeavors have a certain level risk, as little as they may be.  What are those risks?  How will you manage through them if they were to occur?
  7. Unsupported Project Culture - to treat all projects the same and think that you can manage them yourself or with the current tools and help that you currently have, happens to also be one of the biggest reasons why small businesses fail.
  8. Lack of Team Planning - if you fail to plan, then plan to fail.  It's just that simple.
  9. Monitoring and Controlling - everybody on a project team has a responsibility to perform, a lane to stay in.  The Project Manager's role to make sure all of the roles are being monitored, controlled and working harmoniously together.

Don't Let These Reasons Cause Your Next Project to Fail

Hire A Project Manager Now and Improve the Chances of Success