Project Management: The Importance Of Project Management

Project management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements. Project managers must not only strive to meet specific scope, time, cost, and quality requirements of project, they must also facilitate the entire process to meet the needs and expectations of the people involved in or affected by project activities. It can also be defined as the discipline of initiating, planning, executing, controlling, and closing the work of the team to achieve specific goals and meet specific success criteria at specific time. Project management is all about managing people, projects and plans. Successful project managers know how vital it is to develop and follow up plans to meet project

This make project management very significant because it ensures risks are identified and properly managed by preventing them so that they do not become a big issue that threaten the success of the project within the organization. Good project management practice requires project managers to carefully analyze all potential risks to the projects, and develop a prevention plan against them. Risk should be prioritized according to the strength of them occurring and allocate appropriate responses. How to deal with risk and adapt change of any kind is the key to successfully delivering the projects.
Project management ensure an orderly process is implemented by assigning the right people to do the right things at the right time. An orderly process provided by project management help the team stay intact and follow the project plans in an order they are given. This is because when a team fractures, tasks are confused, and planning become more difficult creating an efficiency and frustration in the team. Project management can help streamline the activities to match the organizational strategy hence bringing efficiency and effectiveness in the

This is because without proper tracking, projects risks missing the target and timeline by deviating from the original plan and this can be a major setback to project progress. Project management help the process by ensuring a daily tracking is in place to avoid sliding off the path by strictly keeping to the project guidelines. When a project report is tracked, it makes it easier to spot the deviation from the beginning and easier to correct.
Projects do not all succeed. At some point in time, projects fail to deliver the intended result either by delivering poor quality or completely failing to deliver non. In such a situation, project managers ensure they learn from the past mistake and switch gears to do the right thing when they take on different project. Lessons on the project can be using to make another project succeed next time it is being executed. It is not a must a project succeeded, but it is must and make sense for the project managers to learn and do a different thing, a successful one on a different project. Projects though they do not directly generate knowledge ensure it is captured and managed since knowledge fade and it represent and asset for most