The Importance of Project Management in Organizations
All organizations use projects as the way to translate strategies into actions and objectives into realities. Many companies are project-intensive – they live and breathe project management because they are in that kind of business, such as construction, aerospace, engineering design, engineer-procure-construct (EPC), general contractors, consulting, software, and so on. For them, organizing around projects is a natural way of life as almost all senior staff have “come up through the ranks”, and top management understands what it takes to be successful in project work. On the other hand are less project-intensive organizations such as food, retailing and textiles. But even such companies have projects, e.g., setting up a new distribution depot or a new plant. Even in public sector, it is effective project management that translates politicians’ visions of new roads, schools and hospitals into gleaming new constructions that improve everyday life.
Realization of objectives is not easy, though; especially in today’s increasingly complex and high-stake world – richer technology, distributed / global / outsourced workgroups, culture differences due to inorganic growth, cost pressures, new services and products, mass customization needs for demanding customers, compressed time-to-market, increasing market volumes and stricter regulatory requirements. Numerous studies and observations have Continue reading ‘The Importance of Project Management in Organizations’ »
