why is project management so important inside today's modern organization?
Applying effective Project Management for deployment of strategy and goals can thus provide organizations the following advantages:
- Business advantage through timely achievement of goals, [ optimal resource utilization and information based decision making
- Competitive advantage through workforce energized by culture of execution and collaboration and customer satisfied by getting the "right"
Project Management can also bring in some tangible benefits for individuals at various levels in organizations. For example, through project management:
- Executives get accurate and timely information so that they can make sound business decisions and make course corrections quickly so they can maintain a competitive edge.
- People who execute understand their roles and responsibilities and how their work relates to the bigger picture. Minimization of conflicts and confusions through effective communications increases productivity and enthusiasm.
It can be concluded that project management as a management discipline, individual competency and organizational culture underpins much economic activity and is a critical source of multiple advantages. The specialized role of project management in bringing agility to organizations that want to innovate, whether it is for new products or new initiatives, cannot be ignored. ]
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