The value of project management
The value of project management is realized when it reduces cost, delivering consistent results, and offering a competitive environment to the business company. Therefore, there is a need for effective project management to identify pitfalls that occur when there is no project management. It is possible to prevent these outfalls of business management by creating information systems to benefit project management. The paper will explain the example of pitfalls and how to avoid them when there is no project management. It will also provide examples of how it benefits information system, creates recommendation tools and strategies adopted when working in information system fields where senior employees manage all the company’s projects.
A good project entails a team and a skilled manager who performs business tasks. In management, pitfalls refer to processes or things that hinder business projects from accomplishment. Some of these example entails poor communication, creation of inadequate project plans, and lack of delegation and trust in projects. A project manager should attract updates and feedback from other colleagues about a project (Martens 37). A well-developed project plan requires skills and knowledge from the project managers. There is a need to prevent these pitfalls in project management.
Project management skills and experience may avoid pitfalls, especially where there is no project management. Project managers and other employees may preclude the trap by developing made up an advanced management plan. The plan will answer the question of what, who, when, and why to start a project (Wood 78). Generally, poor project management leads to the development of creep in the project scope leading to uncontrollable growth and changes in the initially planned project scope. To avoid delegation and lack of trust, there is a need for managers to delegate business tasks and responsibilities to specific people who can accomplish the project aims and goals—furthermore, delegation and trust boost project team morale. Proper communication channels could help in improving pitfalls in project management. Holding meetings and involving face to face communication could help in minimizing unfortunate communication pitfalls in the management of the project (Martens 37). Prevention of these pitfalls could lead to the successful completion of planned projects.
Project management information systems could act as a framework in guiding project progress, increasing its rate of success. These systems bring relevancy and accuracy information management speeding the processes of decision making, ensuring that the project manages its budget, time, and objectives (Martens 37). An example of how project management benefits the creation of company’s information systems entails evaluation, measurement, and correction of information in project management. These benefits help in the overall decision making for monitoring and implementation of the project.
Business companies should adopt strategies and tools in project management. It is significant to recommend the finalization of project details, setting clear project expectations, and defining the project milestones in project management (Kelly 15). These details were chosen to organize project elements keeping the project a course from the starting point to the end. In conclusion, effective plan management enhances the setting of the scope, budget, and schedules after realizing the pitfalls. Using correct information systems, tools, and strategies help in achieving the value of project management.