Why Is Project Management So Important To An Organization?

 

The organizations wonder if they need project management because it looks like an unnecessary tax and overhead on paper, as project managers don't really deliver anything and often get in the way of what they want the team to do!

Excellent project management means much more than keeping project management's iron triangle in check, delivering on time, budget, and project scope; it unites clients and teams, creates a vision for a successful project, and gets everyone on the same page about what's needed to stay on track for success, says Deepak Kharbanda. When projects are managed properly, a positive impact reverberates beyond the delivery of 'the stuff'.

Here are some of the reasons why project management is important:

Strategic Alignment

Project management is essential because it ensures that what is delivered is correct and will deliver real value against the business opportunity.

Every client has strategic goals, and their projects advance those goals. Therefore, project management is essential because part of a project manager like Mr. Deepak's duties is to ensure there's rigor in architecting projects properly so that they fit well within the broader context of our client's strategic frameworks.

Good project management ensures that the goals of projects closely align with the business's strategic goals.

Leadership

Project management is important because it brings leadership and direction to projects.

Without project management, a team can be like a ship without a rudder, moving but without direction, control, or purpose. Leadership allows and enables team members to do their best work. Project management provides leadership and vision, motivation, removing roadblocks, coaching, and inspiring the team to do their best work.

Clear Focus & Objectives

Project management is essential because it ensures a proper plan for executing strategic goals.

Where project management is left to the team to work out by themselves, teams will work without proper briefs and a defined project management methodology. As a result, projects lack focus, have vague or nebulous objectives, and leave the team unsure what they're supposed to be doing or why.

As a project manager, Deepak Kharbanda positions himself to prevent such a situation and drive the timely accomplishment of tasks by breaking up a project into tasks for our teams.

Realistic Project Planning

Project management is crucial because it ensures expectations are set around what can be delivered, when, and how much.

Without proper project management and a solid project plan, budget estimates and project delivery timelines can be set that are over-ambitious or lack analogous estimating insight from similar projects. Ultimately, this means that projects get delivered late without good project management and over budget.

Effective project managers should be able to negotiate reasonable and achievable deadlines and milestones across key stakeholders, teams, and management. Too often, the urgency placed on delivery compromises the necessary steps and, ultimately, the quality of the project's outcome.

Dedicated project management ensures that a project has the time and resources to deliver. The output is quality tested at every stage, and project managers will lead your organization to achieve that.