Benefits of sound project management

Would you as a project manager like to be able to deliver successful projects more often and more consistently? This would certainly have it's advantages both for your own career and for the reputation of your organisation. But, unfortunately, there aren't many of us who can say we are consistently successful — we usually do deliver something good and useful in the end but how often do we have to spend more money or take longer to do so? Everyone could benefit from a structured approach to project delivery, with clearly defined roles, a structured lifecycle and supporting processes. Often people are familiar with project management— they've done the training and got the certificate but sometimes project managers drift back into bad habits.

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Benefits of sound project management

Content:

• Industrial Automation Project Management: Evaluating the Project and Forming the Team
• How Project Managers Can Increase Visibility into Their Team’s Work
• What Is Project Resource Management?
• The benefits of following a project management method
• What are the benefits of project management?
• 10 Advantages of a Sound Organization – Explained!
• Our ultimate guide to Project Management

Industrial Automation Project Management: Evaluating the Project and Forming the Team

Project management is one of the most rapidly growing fields globally, because of its highly valuable application towards strategic business goal attainment. As a result, some of the most widely recognized technology and business publications are placing more focus on project management.

So where did many of the business and technology executives and professionals frequent to find the top content of ? We scoured the top online publications to find the 30 most widely read and shared project management articles. We included a synopsis and takeaway for each. Check these out for some of the most well-read best practices, tips, and lessons learned.

These three articles share some of the best practices and how-to articles to help your business reduce risks and avoid costly mistakes. Project management: 7 steps to on-time, on-budget, goal-based delivery CIO. Summary: The article covers seven high-level project management steps to help project managers achieve on-time, on-budget, goal-focused delivery of high-profile projects, to increase their project success rates and career prospects.

Takeaway: Ensuring strategic alignment, benefits realization, the linkage between strategy formulation and execution, executive sponsorship, hiring the right talent, adopting agile practices, and tackling technology disruption are keys to success.

Summary: Some IT executives and certified project management professionals share some of the most common mistakes that cause project failure and what project managers can do to keep them on track. Takeaway: Missing the following aspects should be avoided. Identification of roles and responsibilities upfront, work breakdown, task prioritization, recognition that people are a key factor in projects, poor communication, scope creep, no software or tools, and inflexibility.

Summary: This article discusses seven goals that help project management professional become recognized by executives and stakeholders as an indispensable strategic partner. Here are two articles that provided in-depth coverage of some of the most common and recognized project management certifications.

Top 11 project management certifications for CIO. Summary: Shares details on 11 of the most recognized project management certifications, their requirements, and fees. Takeaway: IT and business professionals can benefit from having a project management certification and demonstrate they know-how to plan, schedule, budget, execute, deliver, and then report on IT initiatives.

Summary: This is a comprehensive guide on everything you need to know about the eight project management certifications offered by the Project Management Institute.

Takeaway: PMI offers a wide range of certifications to meet the needs of professionals interested in project, program, portfolio, business analysis, agile, risk, or scheduling management.

These five articles provide insights into project management as a career path, some of the key roles, salaries, and future outlook. W hat is a project manager? The lead role for project success CIO. Summary: Project managers play the lead role in planning, executing, monitoring, controlling and closing projects.

This article takes a look at a project managers roles, responsibilities, relevant certifications, expected salaries, job-seeking and resume tips. Takeaway: Being a project manager can be a challenging yet rewarding career option. Summary: A go-to guide on scrum, a popular agile project management framework. Takeaway: Scrum masters are in high demand as companies continue to look for ways to get their projects completed and their products to market faster.

Summary: As a project manager, being able to create value, understand how to encourage team engagement and build relationships, and gain a clearer understanding of problem-solving in other areas of business can be rewarding for you and your company.

Takeaway: Going into project management is a strategic way you can become indispensable for any company. Project management salaries: Talent gap reveals long-term growth CIO. Summary: Industries are just now realizing the true value of project management.

This is expected to spur a boom in demand for project management skills in the coming decade, according to the recent report from the Project Management Institute. Takeaway: Growing demand for project-based professionals is fast fueling a worldwide talent gap, leading to substantial career opportunities in project management — and salaries that can be expected to rise considerably.

How to get a career in project management Mashable. Takeaway: The ability to multi-task, understand priorities, handle unforeseen challenges, and quickly adapt to market changes is key to being a successful project manager and for creating an agile company. These two articles highlight the need for project management professionals and the value millennials are bringing to the profession and businesses as a whole. How millennials are changing project management TechRepublic.

Summary: Business owners and experts share their thoughts on what millennials are bringing to the table to elevate the field of project management and how this is changing business.

Takeaway: Millennials are bringing fresh perspectives — leveraging technological advancements and placing additional focus in areas like economic, ecological, and social factors. Summary: Discusses some of the issues with lean startup operations including a lack of clarity of key value proposition, issues with goal prioritization, and scope creep.

All of this is creating the need for project managers in startups. Takeaway: Project management skills bring clarity, focus and much-needed structure to the startup process.

Additionally, there is the need for project management tools and sufficient project management training. Here are four articles that define and compare the various project management methodologies, their uses, and how to select the one for your projects.

Comparing agile project management frameworks CIO. Summary: This article looks at each of the agile project management frameworks, their focus, features, process, benefits, and drawbacks, as well as a quick comparison to help you decide which ones will work best for your next project.

Takeaway: Not all methodologies will work for all projects, even within the same company. It is necessary to evaluate each project and revisit business goals to ensure the methodologies you choose are still relevant.

How to pick the best project management methodology for success CIO. Summary: This is a guide to help project managers evaluate project management methodologies to ensure it is the best fit for your next project.

It covers common methodologies like waterfall, agile, hybrid, critical path, critical chain, and six sigma as well as key considerations, the assessment process, and what to include in the evaluation. Takeaway: Methodologies are not one-size-fits-all, even within the same company, project type or industry. Summary: Whether you are a new to project management, this article covers 10 questions that will arm you with all the key information you need about Agile project management.

The article covers the history of Agile, its purpose, how it is used, advantages and disadvantages, the future outlook and other methodologies. Takeaway: Agile offers numerous benefits and limited drawbacks. Its application in multiple industries makes it an attractive methodology, and with all the benefits offered by agile project management, this methodology is here to stay. Summary: Six Sigma is a project management term that often surfaces within the business world when it comes to excellence and quality, but what does it mean, and how does it benefit businesses and stakeholders?

This article covers what you need to know about what Six Sigma is, how it helps create operational excellence, and where it is used. Takeaway: Learn the basics about the project management concept Six Sigma, which drastically reduces defects, waste, and time while lowering costs and enhancing customer satisfaction. The three articles below discuss some of the risks encountered in project management, ways to reduce risks and when it may be time to end a project to avoid unnecessary damage.

Summary: Critical IT projects still fall flat at an alarming rate despite the use of methodologies and management techniques meant to head off failures. The article shares a cautionary tale to IT departments about the risks of complacency. Takeaway: Inadequate resources, overly aggressive timelines, underestimated costs, overlooked requirements, unanticipated complications, poor governance and human mistakes are key factors IT departments need to pay closer attention to in order to reduce project failure risk.

When to kill and when to recover a failed project CIO. Summary: Business owners and experts share their thoughts on when and why it may be time to pull the plug on projects or keep going. They cover the path to failure, how to recognize the risks, why projects fail, five key questions to ask yourself, how to kill a project, and lessons learned. Takeaway: Admitting project failure is never easy, but sometimes the kill decision turns out to be the best decision.

Summary: Here are five project management mistakes that you should avoid if you want to reap the benefits of project management software. The article covers unclear objectives, lack of prioritization, lack of employee performance, and poor communication. Takeaway: Unless project management software can be implemented properly, it can lead to increased operational bottlenecks and wasted resources.

In these seven articles, the highest-valued skills and attributes of successful project managers are shared by experts, business leaders, and companies seeking to hire. Summary: Project management experts and executives were surveyed to find out what skills are required to successfully keep projects on track and on budget. Takeaway: Leadership, motivation, communication, organization, prioritization, problem-solving, and adaptability are essential skills companies are looking for when hiring project managers.

Summary: Discusses how to stand out as a strategic leader beyond just project-based skill sets. Included are traits like becoming a strategic partner, recognizing others achievements, respect and motivation, being fully vested, accountability and being able to work in the gray.

Takeaway: These traits make the difference between being a project manager and be ing a strategic project and business leader. Summary: Business leaders share the skills they believe project managers should possess if they are to be considered truly great project managers. These include having empathy, team empowerment, being subject matter experts, understanding strategy and risk management, sound judgment, and more.

Takeaway: Project managers that have these skill will be highly sought after by businesses looking for what they deem as the best project managers. Why emotional intelligence is key for project success TechRepublic. Summary: Emotional intelligence is the ability to empathize with others, demonstrate emotions, and make decisions based on multi-level awareness.

Business leaders discuss the need for project managers with emotional intelligence and the benefits of this trait. Takeaway: Emotional intelligence is one of the most valuable assets for project managers and a key tool for the companies that hire individuals who possess this attribute.

The importance of being ethical in project management TechRepublic. Summary: This article shares the why ethics play such a vital role in project management at the business and government level. Takeaway: Ethics are a key requirement at all levels, they hold project professionals to the highest standards possible and to provide stakeholders with a solid sense of confidence.

The 4 traits every good project manager needs Entrepreneur. Summary: Brian de Haaff is a product manager and shares his thoughts on the key traits that make a good project manager.

He talks about his early career and his passion for being a product manager. Vision, motivation, prioritization, and transparency he believes are fundamental. Takeaway: These four traits have helped him and can also prepare other individuals for the leap towards a career as a project management professional.

Summary: This article discusses four of the most common product management mistakes that startups make when dealing with product development. Those mistakes include selecting talent based on the wrong criteria, allowing communication to fall through the cracks, missing the mark on requirements or scope, and being unrealistic with timelines. Takeaway: Losing sight of these four things can lead to disaster and even failure for start-ups that simply cannot weather a big storm that is avoidable with effective product management.

These last four articles highlight the value of project management software and tools as well as their use in doing the heavy lifting in projects and streamline workflows, so that help teams focus on projects and not processes. What people want from their project management apps in Forbes. Summary: The most widely mentioned reason for project failure is a lack of clearly defined or achievable objectives, which makes it impossible to track progress.

This article discusses how there is a sea of project management tools out there that make it hard for companies to find the right solution.

How Project Managers Can Increase Visibility into Their Team’s Work

Benefit measurement methods employ various forms of analysis and comparative approaches to make project decisions. These methods include comparative approaches such as cost-benefit analysis, scoring models , and benefit contribution methods that include various cash flow techniques and economic models. You'll examine several of these methods, starting with cost-benefit analysis. One common benefit measurement method is the cost-benefit analysis.

What Is Project Resource Management?

Project planning is a procedural step in project management , where required documentation is created to ensure successful project completion. The project plan clearly defines how the project is executed, monitored, controlled, and closed. Home Business Benefits and Disadvantages of network approach to project planning. Benefits and Disadvantages of the network approach to project planning Project planning is a procedural step in project management , where required documentation is created to ensure successful project completion. Followings are the benefits of the network approach to project planning: Goes beyond traditional internationalization, models inspire other research on internationalization. Describes business reality and context well. Has got empirical support. Addresses some shortcomings of the other approaches; for example, internationalization behavior falling outside the traditional models. Demonstrates the impact of internal and external actors and long-term relationships on internationalization. Can capture the interconnectedness and concurrence of internationalization.

The benefits of following a project management method

Your organization is constantly working on projects , whether you know it or not. Now, everything you do after receiving a complex task to complete is effectively project management. However, the difference between approaching every project with basic planning, and approaching it with proper project management processes is huge. Cue stress and going over budget.

What are the benefits of project management?

What are the benefits of project management? We have the organisation, we have project managers and project team members, we have other employees and staff, we have contractors, suppliers and consultants, we have vendors, and of course, we have our clients, customers and consumers. So when we identify the benefits of project management, we need to think about the benefits to these stakeholders. In the discussion forum that follows, course participants select and share their top three benefits of project management based on their experience in life and the workplace. It is not surprising that customer satisfaction ranks as the highest benefit. Whenever a project is completed within scope, time and budget, the customer is happy.

10 Advantages of a Sound Organization – Explained!

A prioritised list of criteria that the project product must meet before the customer will accept it, ie measurable definitions of the attributes that must apply to the set of products to be acceptable to key stakeholders. An activity is a process, function or task that occurs over time, has recognisable results and is managed. They are usually defined as part of processes or plans. A statement that is taken as being true for the purposes of planning, but which could change later. An assumption is made where some facts are not yet known or decided, and is usually reserved for matters of such significance that if they change, or turn out not to be true, then there will need to be considerable re-planning.

Our ultimate guide to Project Management

Our success or failure as professional organizations and as businesses depends largely on how well we manage our projects. One way that many firms seek to improve project management effectiveness is by compiling their best practices and tools into a manual for the firm. The following is one perspective on how the project management manual can be organized. A project management manual is intended to guide project managers.

A sound organisation brings a proper coordination among various factors of production and leads to their optimum utilisation. It avoids confusion, duplication and delays in work. It motivates the worker by proper division of work and labour. It reduces the workload of executives by delegation of authority. Organisation provides the framework within which an enterprise can expand and grow. Through organisation, management can multiply its strength.

A1 The Value of Project Management. There are some companies that have built reputations for being able to consistently manage projects effectively. However, the vast majority of organizations have a more spotty reputation. Does your organization have any of the following characteristics? Having good project management skills does not mean you have no problems. It does not mean that risks go away. It does not mean that there are no surprises.

Running a project from start to finish requires grit. It requires the ability to both put out fires and prevent them in the first place. Proper visibility helps you identify and address risks before they become problems. It allows you to clear up bottlenecks more quickly and ensure resources are being adequately allocated across the project.