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Contemporary Project Management 3rd Edition by Timothy Kloppenborg
Edition 3ISBN: 978-1285433356Contemporary Project Management 3rd Edition by Timothy Kloppenborg
Edition 3ISBN: 978-1285433356 Exercise 2
Why are more organizations using project management? If you were an executive, how would you justify your decision to use project management to the board of trustees?
Explanation
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Project Management refers to the applications of skills, knowledge, tools and techniques of the project activities to meet the requirement of the particular project. Following are the advantages of project management:
1. One of the prime benefits of using an approach of project management is to help in reducing risk associated with operations of the company.
2. Project management also helps in predicting unforeseen future events accurately.
3. Several projects are complex in context of scope, which leads to cost to the project. By executing project management approach, one can able to minimize the cost of project.
4. Several teams incur too much effort in solving problems due to the problem of complexity but by implementing a proactive project management process problem can be solve more quickly.
As an executive in order to convince the board of trustees for using project management process, one should correctly communicate all the advantages that the firm will be going to get by executing the project management approach. Project management provides a layout according to which all activities are to be executed. It helps in reducing irrelevant efforts and time involved while performing a job. In addition, project management leads to better management available resources.
1. One of the prime benefits of using an approach of project management is to help in reducing risk associated with operations of the company.
2. Project management also helps in predicting unforeseen future events accurately.
3. Several projects are complex in context of scope, which leads to cost to the project. By executing project management approach, one can able to minimize the cost of project.
4. Several teams incur too much effort in solving problems due to the problem of complexity but by implementing a proactive project management process problem can be solve more quickly.
As an executive in order to convince the board of trustees for using project management process, one should correctly communicate all the advantages that the firm will be going to get by executing the project management approach. Project management provides a layout according to which all activities are to be executed. It helps in reducing irrelevant efforts and time involved while performing a job. In addition, project management leads to better management available resources.
Contemporary Project Management 3rd Edition by Timothy Kloppenborg
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