Project management: 5 pillars for success in 2023
Posted: Sat Dec 07, 2024 9:26 am
Project management refers to a set of temporary activities, carried out in a group, with the objective of producing a product, service or result.
The set of practices and skills required of a project manager allows these professionals to plan, execute, monitor and control projects to deliver results in the best possible way and with the least number of failures and risks.
According to the renowned PMI (Project Management Institute) , project management is based on 10 areas:
PMI developed the “Bible” of project management, the PMBOK (Guide to the Project Management Body of Knowledge) , which indicates that the life cycle of a project is great britain email list composed of 5 management stages .
A project has a well-defined beginning, middle and end, as well as limited resources and a deadline to meet.
Unlike day-to-day work, projects are not a routine operation, but a unique set of activities developed to achieve a specific objective.
What is project management for?
Project management helps companies base projects on agile, productive, effective strategies and decisions based on practices recommended by specialists.
Through project management methodologies, it is possible to extract the best performance from your team. All this effort serves to ensure that, based on this knowledge, you will deliver the best results to your clients.
In short, the aim is to ensure that the result is satisfactory both for the company – in relation to the established deadlines and costs – and for your end customer.
Project management allows planning, monitoring and control to be carried out more efficiently and effectively, with less effort, resources and time. To better contextualize the advantages of project management , we point out some of its benefits:
1. Time optimization
Schedule management can be used as a benchmark when comparing planned time with actual time spent. By having more control over the project, you know when to allocate each resource, avoid waste, and optimize the use of human, financial, and material resources.
We recommend you read: How to improve productivity: 10 home office strategies .
2. Cost reduction
Once the project manager has developed his cost baseline, it is possible to reduce costs by taking advantage of opportunities, but mainly by applying financial resources at the right times.
3. More assertive results
As in project management all the work is detailed and the processes established, it is easier to guarantee the quality of the final product. With good planning and project control routine, the final result will undoubtedly be more assertive and closer to the client's requirements.
4. Greater team commitment
An organized, professional environment with a good manager who generates trust and transparency provides the team with more motivation and, as a consequence, greater commitment to sharing and aligning project information with all parties involved.
5. Greater control of the process
Simplifying the process of managing something as complex as a project is a huge advantage. Project management allows you to centralize all the stages and elements necessary to organize the project from the beginning to the final delivery and make the work more productive.
6. Risk control
In this process, the main threats to the project are mapped, as well as the opportunities. In other words, the manager can identify the signs of which threats are materializing and know what to do to minimize the impacts on the project. On the other hand, a good manager knows how to visualize the opportunities and use them to his advantage.
7. Greater customer satisfaction
This benefit is a consequence of the previous ones. By having control over a project, it is possible to manage it well and within the planned time and cost. In this way, it is natural that your client feels more satisfied with the results obtained. In the end, the common goal of a project is precisely a happy client.
The set of practices and skills required of a project manager allows these professionals to plan, execute, monitor and control projects to deliver results in the best possible way and with the least number of failures and risks.
According to the renowned PMI (Project Management Institute) , project management is based on 10 areas:
PMI developed the “Bible” of project management, the PMBOK (Guide to the Project Management Body of Knowledge) , which indicates that the life cycle of a project is great britain email list composed of 5 management stages .
A project has a well-defined beginning, middle and end, as well as limited resources and a deadline to meet.
Unlike day-to-day work, projects are not a routine operation, but a unique set of activities developed to achieve a specific objective.
What is project management for?
Project management helps companies base projects on agile, productive, effective strategies and decisions based on practices recommended by specialists.
Through project management methodologies, it is possible to extract the best performance from your team. All this effort serves to ensure that, based on this knowledge, you will deliver the best results to your clients.
In short, the aim is to ensure that the result is satisfactory both for the company – in relation to the established deadlines and costs – and for your end customer.
Project management allows planning, monitoring and control to be carried out more efficiently and effectively, with less effort, resources and time. To better contextualize the advantages of project management , we point out some of its benefits:
1. Time optimization
Schedule management can be used as a benchmark when comparing planned time with actual time spent. By having more control over the project, you know when to allocate each resource, avoid waste, and optimize the use of human, financial, and material resources.
We recommend you read: How to improve productivity: 10 home office strategies .
2. Cost reduction
Once the project manager has developed his cost baseline, it is possible to reduce costs by taking advantage of opportunities, but mainly by applying financial resources at the right times.
3. More assertive results
As in project management all the work is detailed and the processes established, it is easier to guarantee the quality of the final product. With good planning and project control routine, the final result will undoubtedly be more assertive and closer to the client's requirements.
4. Greater team commitment
An organized, professional environment with a good manager who generates trust and transparency provides the team with more motivation and, as a consequence, greater commitment to sharing and aligning project information with all parties involved.
5. Greater control of the process
Simplifying the process of managing something as complex as a project is a huge advantage. Project management allows you to centralize all the stages and elements necessary to organize the project from the beginning to the final delivery and make the work more productive.
6. Risk control
In this process, the main threats to the project are mapped, as well as the opportunities. In other words, the manager can identify the signs of which threats are materializing and know what to do to minimize the impacts on the project. On the other hand, a good manager knows how to visualize the opportunities and use them to his advantage.
7. Greater customer satisfaction
This benefit is a consequence of the previous ones. By having control over a project, it is possible to manage it well and within the planned time and cost. In this way, it is natural that your client feels more satisfied with the results obtained. In the end, the common goal of a project is precisely a happy client.