Project Management and Why Should You Care About?
Project management such a job it seems to be highlighted
on the public when it becomes fails. Different inquiries/committees are established
to investigate the things on why projects
fail. At last senior authorities appeared in the news to apologize for major
cost overruns in public projects.
You might be thinking that project management would be something that can be avoided!
But as an entrepreneur it is one of the most
important skills they need to seek out as their organization growth. Unfortunately, it is also one among
the least understood skills that a typical entrepreneurs bring to the table and
it is the last skill to build their business as they thought.
What is project management? And why should you care about?
A project
is a business endeavor, which produces a unique product, service or result. So
far, that isn't very helpful. Most business operations do that. However, a project has two key characteristics which
is eventually not common.
First, it is temporary. It has a beginning and an
end. Most business operations do not have an end. Or at least one hopes not.
Normally, business operations begin during the entrepreneurial phase of the
business. But they quickly settle into a permanent routine. Project management, however, does not
deal with the routine.
Secondly, projects are unique. It does exist to
create a single product, different from all other. An operating business is all
about repetition. It's about creating the same product over and above. In this
way, the process can be refined only.
The simple and very effective concept is building
your business is a project. It started
as a beginning that is when you first conceived the business means get this project and it has also an ending that is
when the business moves into the growth and stability phases and it gives a
unique result.
Project management, is about to manage under two conditions.
Normal operating management is concerned with repeating the same thing over a long
period and it increase the proper skills and knowledge to deal with that. For
example, a manager wants to keep his team happy and producing at their maximum
by effort. He rarely if ever deals with the initial building of a team and
hopefully, he never has to deal with the end of his team.
However the project
management is concerned with building a unique result in a cycle of
creation, doing in an organizational way. It builds up with appropriate skills
and knowledge to deal with beginning and ending a cycle.
On the view of an entrepreneur’s, there are two
major points of interest. First, building a company is a project. During that project, the entrepreneur has to involve
in both strategic and operational way. However, managing the process to build
up a business is basically called project management.
It doesn't end with building the
business.
In each and every business, there must be needed to
identify what is going on around the organization and how the business should
react. This is called strategic management.
Its focus is on change and the future.
On the other hand, the organization needs to carry
out its current function. This is the role of the operational elements of the
business. Marketing, accounting, production are also concerned with day today
process.
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