Monday, 22 August 2016

Advantage of Project Management


Good project management discipline is the way to overcome these shortcomings. Having good project management skills does not mean you have no problems. It does not mean that risks go away. It does not mean that there are no surprises. The value of good project management is that you have standard processes in place to deal with all contingencies.

Project management processes and techniques are used to coordinate resources to achieve predictable results. However, it should be understood that project management is not an exact science and there is never a guarantee of success. Since projects involve people, there is always complexity and uncertainty that cannot be absolutely controlled.

Project management is both science and art. It is science in that it relies on proven and repeatable processes and techniques to achieve project success. It is an art because it also involves managing and relating to people and requires the project manager to apply intuitive skills in situations that are totally unique for each project. A good project management methodology provides the framework, processes, guidelines and techniques to manage the people and the work. A good methodology increases the odds of being successful and therefore provides value to the organization, the project and the project manager.



The value proposition for project management starts with the proposition that it takes time and effort to proactively manage a project. This cost is more than made up for over the life of the project by:

Completing projects more quickly and reasonably. One of the biggest benefits of using a common methodology is the value of reuse. Once the processes, procedures and templates are created, they can be used (perhaps with small modifications) on all projects in the future. This results in reduced project start-up time, a shorter learning curve for project team members and time savings from not having to reinvent processes and templates from scratch on each project.

Being more predictable. One of the first benefits that should occur with good project management processes is that you will be more predictable. You will find that if you do a better job of planning you will better understand the work to be accomplished, and you will do a better job of estimating this work. Then as the project progresses you will do a better job of managing the work to hit your estimated schedule and budget. This ability to be predictable is crucial when your company is making business decisions about which projects to execute. You should strive to achieve a level of predictability of 80%. In other words, 80% of your projects will finish on-time and within budget.  


Saving effort and cost with proactive scope management. Many projects have difficulty managing scope, which results in additional effort and cost to the project. Having better project management processes will result in being able to manage scope more effectively.



Generally, it is believed that organizations that follow good processes are more successful than organizations that do not. Organizations that have good processes, and follow them, are sometimes called “Process Driven Organizations”. These organizations get more work done and they tend to do the work that is of most value. They also have organizational systems in place to help make everyone more successful, including project managers.