Project Management in a troubled Economy

The times, they have become tough, and more and more companies are required to reduce the number of employees in order to survive or to keep the figures nice. Often enough, these means that less people are required to manage the same amount of work as before the reorganisation. In other words, resources need to be used more efficiently.

If there is one vital advantage of project management, then it is the effective use of resources. By managing scope and planning the resources that are needed in order to get the work done, project managers make a attractive promise to senior management: For budget “x”, you will get “y”, and provided that the project manager has been involved in ROI calculations during project initiation, the project manager can make sure that the scope of the project will reflect the needed means in order to deliver the ROI.

However, project managers are not always positioned to “sell” this advantage. Now, even more than in other times, it is important for project managers to evangalize organisations about the value of organisations, not because the project manager wants to survive but because project management does add value to an organisations bottomline if resources are used more efficiently.

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Tagged as: efficience, project management

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1. Project Management in a Troubled Economy

   With the economic changes that have occurred over the past year it’s not surprising that project managers might be asked to tighten their budgets and try to get work done more quickly with fewer resources. It has never been more important in project management to avoid costly delays and cut costs wherever possible. One thing [...]

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   The broad term of project management encompasses a number of aspects involved in meeting the goals necessary to complete a project successfully. An effective manager must take into account four essential elements which include resources, money, time and scope. Resources are the people, materials and equipment necessary to complete the project. People who might possibly [...]

3. Time Management Tips for Project Managers

   Successful project managers avoid wasting valuable time and are more productive. The following time management tips can help lead to such increased productivity. With a comprehensive plan, everyone on the team knows where the focus should be, allowing the project manager to spend less time dealing with issues caused by confusion and more time tracking [...]

4. Difference between Project Management and Program Management

   There is confusion between the term project management and program management. Although, the words seem similar there are some differences. Project management is the act of creating plans and managing resources in order to accomplish a project. A project is a scheduled undertaking for the purpose of creating a product or service. Program management, on [...]

5. Project Human Resource Management

   Project human resource management involves organizing and managing a project team. The team is usually made up of people with specific skills and responsibilities. The project team, also known as project staff, should be involved in plans and decision making from the beginning of the project. Team members should feel invested in the outcome of [...]