Why Project Management?

Why Project Management?
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Why is Project Management Necessary?

by Mo Haque, PMP

Project Management provides a disciplined way of executing a project. A project may be small or large; applying project management methodologies and processes increases the success of the project. The larger the project the more project management becomes a must.

The following are a few of the values of project management in general:

· Requirements management
· Stakeholder satisfaction
· Understanding and containment of project scope
· Timely delivery of the project deliverables
· Reduced delivery costs
· Improved quality of project deliverables
· Early identification of project issues and risks
· Better accuracy of estimates
· Better communication with the stakeholders
· Reuse of knowledge and artifacts
· Learn how to manage business benefits & values

Project management processes interactively allows a project manager to follow the steps in planning, executing, monitoring and closing a project. Often the project managers see the processes in sequence and get bogged down by trying to execute activities in sequence. The project management activities are recurring and continue until the end of a project. Therefore a project manager needs a disciplined way of navigating through the project activities that may be executed in serial or in parallel. The project management methodologies and processes provide a guide just like a navigation guide for the sailors in high seas.

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