Project Management - Is it Important??

Project management is imperative in various industries. Not only in this technologically advanced era, but since time immemorial, project management has been used in the construction of monuments and other architecture. But that is considered as informal project management. Since 1950s, project management started to be pursued as a major discipline. Now days, project management is considered as major strength of character in almost every industry.

Following are few key things which support this fact that project management is important:

• It helps the companies to meet their objectives.
• Customer satisfaction is important output of using project management.
• Increase in productivity is possible through project management.
• Risk management is important aspect of project management.
• It is possible to complete the project on time and in budget through good project management.
• Quality is important in every project and project management takes care of quality as well.
• Project Management Streamlines Decision Making.
 

So, here is a quick checklist: Does your project budget generally exceeds than estimate? Deadline is a big problem for your projects? Are you unsure of the status of your project at any given time?

If your answer is yes for any of these questions then you definitely need to follow the project management processes to increase profits.