The Role of Project Management in Today's Business Environment
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- Date Submitted: 04/30/2013 09:48 AM
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The Role of Project Management in Today's Business Environment
Introduction
Project management has evolved from its humble beginnings into something that is apparent and crucial in today's business environment. Quality, cost control and delivery are taking precedence in business, government and non profit sectors. Project management gives managers extra boost in planning, creating and executing strategic initiatives that will result in generating new revenues and at the same time expand the market. Project management gives organizations an edge in the competition. Project management tools and techniques guarantees an organization manage the competition, deliver quality products, control expenses, and enhance profitability and success.
I decided to write about the role of project management in today's business environment primarily because project management is my chosen focus for my graduate studies. I can confidently say that from a very short period of time in this Project Management course I have immersed myself with knowledge and techniques that I have been applying in my current work. "There are many more jobs in which project management is not a title but a job requirement. This underscores a major advantage to being good at managing projects; and that is the basic project management methodology you have been exposed to in this text is transferable across most businesses and professions" (Larson, & Gray, 2011 p. 603).
With all the project management tools and techniques a project manager can utilize one must also understand why some projects fail. Sometimes it is not enough to say that you manage your project competently, on time and deliver a quality a product. A great project manager must anticipate and understand the following conditions. The right business requirement should be identified, an achievable business case must be created, strong project governance must be in place, manage a high quality implementation and monitor and have the...
Introduction
Project management has evolved from its humble beginnings into something that is apparent and crucial in today's business environment. Quality, cost control and delivery are taking precedence in business, government and non profit sectors. Project management gives managers extra boost in planning, creating and executing strategic initiatives that will result in generating new revenues and at the same time expand the market. Project management gives organizations an edge in the competition. Project management tools and techniques guarantees an organization manage the competition, deliver quality products, control expenses, and enhance profitability and success.
I decided to write about the role of project management in today's business environment primarily because project management is my chosen focus for my graduate studies. I can confidently say that from a very short period of time in this Project Management course I have immersed myself with knowledge and techniques that I have been applying in my current work. "There are many more jobs in which project management is not a title but a job requirement. This underscores a major advantage to being good at managing projects; and that is the basic project management methodology you have been exposed to in this text is transferable across most businesses and professions" (Larson, & Gray, 2011 p. 603).
With all the project management tools and techniques a project manager can utilize one must also understand why some projects fail. Sometimes it is not enough to say that you manage your project competently, on time and deliver a quality a product. A great project manager must anticipate and understand the following conditions. The right business requirement should be identified, an achievable business case must be created, strong project governance must be in place, manage a high quality implementation and monitor and have the...