Project Management is all the rage these days, and for good reason. As companies and services are relying on growing teams, sometimes located all over the world, with multiple programs and applications to coordinate any action and undergo any task, the need for Project Management has been increasing accordingly. Customers and managers now have higher expectations. The days where face-to-face communication and charisma were enough to get things done are truly over. Simply knowing that is far from enough. To be successful, deeper knowledge is necessary, and that is the subject of today’s article. What is Project Management? How can it help? And why do you need to implement the best practices right away.

What is Project Management?

Project management is a corporate discipline where people must plan strategies, execute tasks, control and measure the results, and finally supervise one or more teams to achieve specific goals and meet specific success criteria. It is a balance between strategies, initiatives and teamwork to start, run and conclude a project. Said project is a set of goals and objectives designed generally by the top management to create, produce or improve a product or service. If you need an example, think of your your favorite coffee shop brand. Whenever they start a new latte or change the formula of a classic blend, project management was behind to ensure it was the right move.

How Can Project Management Help?

Let’s keep going with that coffee shop. Did you ever notice an improvement in flavor, taste or richness sometimes? It is not just a matter of personal initiative. As the goal of every company is to improve themselves to keep customer satisfaction and loyalty stable, reworking the menu is bound to happen for such shops. So you conduct surveys, ask for opinions from your employees, and realize the cappuccino is on the decline. Cappuccino amateurs now prefer to order a latte, or worse, get it from the competition. But how can you save it? Project Management!

A manager and a team now have a goal. Understand the reasons behind the cappuccino decline and find an answer to this problem. Tests will be run, new blends will be tried, and markets will be studied, all in coordination with the Project Manager, in order to save the product.

But that is only the end goal. What truly matters here is the journey.

Why Must We Implement Project Management Best Practices?

It is not an easy thing to develop a product or service. You need an excellent skillset, provided by multiple different employees, all coming from different backgrounds, with their unique personalities and quirks. They are bound to not work properly together 100% of the time, even if they are the best of their respective fields. If we go further, people management coupled with top notch communication and follow up is mandatory to avoid anarchy. Without them, managers would lose control. And without control, the whole company can go down the drain.

It is also necessary to have the scope of the project always in mind. Without a scope, the team members can go wild and go beyond their responsibilities. Maybe one could think that initiatives are good. But if a manager doesn’t rein that in, valuable time will be lost for something that is ultimately useless.

We are only scratching the surface of what Project Management truly is. It is a vast field that every company and manager must comprehend properly to ensure success and profits. We join you to learn more about it through our Project Management courses, especially Fundamentals of Project Management. Thank you for reading.