Paul Naybour

Ten Benefits of Good Project Management

Ten Benefits of Good Project Management
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The benefits of good project management serve all those who are involved in the process: the manager who is responsible for the project, the customer who is anxiously waiting for the completed project and the production team that gets this project up and running.

Understanding benefits of professional management is not difficult, but they often get dressed up that way. At its base lies the basic organisation skills that are necessary to succeed in any project. Which is the reason why many managers fail to understand its concept and resist investing in good quality project management. A project can be managed efficiently using a set of tools. A project management plan, fit the the sizes and complexity of the project, is important, because it enables mangers to guide any project from point “A” to point “B” in a most cost effective and efficient way.

Let’s have a close look at some benefits of project management.

  1. Better efficiency in delivering services-Efficient management can provide a roadmap that can be easily followed and may lead to project completion. Once you know where to avoid pot holes and bumps, it’s certain that you’ll work smarter and not harder resulting in greater productivity that will last for a very long time.
  2. Improved customer satisfaction-Whenever you complete any project on time and within budget, the customer will walk away satisfied and happy. So happy customer is one that you’ll see again and again, and he will also recommend your business to hundreds of other people. Greater awareness about your business means greater sales and profits. Smart management of project is done using tools that enable client/manager relationship to flourish.
  3. Enhanced efficacy in delivering services-The strategies you used to complete one project will serve you for many future projects.
  4. Improved development and growth within your team-Positive results from your project will inspire your team and it will continue to look for ways to perform in a more efficient way.
  5. Greater competitive edge and standing-The benefits of efficient management of any projects are visible not only within the workplace, but outside as well. With superior performance, you will enhance your position in the market and will get more business
  6. Chance to expand your services-It’s a byproduct of great standing. Good performance leads to even more opportunities to succeed.
  7. Better flexibility-The biggest benefit of efficient management is ultimate flexibility. It allows you to firmly map out your strategies on how you want your project to get completed. But, the biggest benefit of this organisation is that when you discover any smarter direction, you can immediately take it. For all types of companies, this alone is worth the cost of admission.
  8. Increase in quality-With enhanced effectiveness, there is will considerable increase in quality.
  9. Increased risk assessment-When all project players are lined up and your strategy is in place, then all potential risks will jump out and may slap your in your face. Efficient management of projects helps you in assessing the risks and warns you in time, even before you start working on any project.
  10. Increased productivity-Increase in quality and better management will automatically lead to greater productivity.

With successful implementation of various strategies for management of any project, you can narrow down your focus, reach your goals within the set time and cost perimeters. Finally, everybody in the team comes out as winner, which is the biggest benefit of project management. To deliver these benefits of project management, you or your team may need the support of a project management course. Parallel Project Training offer training courses with are highly practical engaging and informative. As an accredited APM training provider and PMI registered education provider then you can be sure of the quality of the training you will receive.

4 Responses to Ten Benefits of Good Project Management

  1. John Williams July 15, 2013 at 2:18 pm

    Great post Paul, thank you for some great pointers.!

    I would also add high on the list:

    Ownership & Leadership
    a big benefit of project management on a project is that someone owns & drives the delivery through it’s lifecycle, boosting internal stakeholder confidence. Externally the PM is often felt to be the customer’s representative building customer confidence in the project (if relevant). Having this single point of contact greatly improves communication whose absence is proven to be one of the biggest causes of project failure.

  2. Paul Naybour July 15, 2013 at 6:33 pm

    John

    Thanks for the feedback, I couldn’t agree with you comments more. Ownership is critical to project success.

    Paul

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