Title: Why Project Management is Important to Business
Headings: Making the Business Case for Project Management
Making the Business Case for Project Management
What Can Project Management Do for Business?
A Means to an End: Project Management for Business Goals
Securing Project Approval and Obtaining Project Management for Business Initiatives
Making the Case of Project Management for Business Success
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Making the Business Case for Project Management
Last Updated January 16, 2020
Corporate strategies often rely on project management for business growth and sustainability. As more and more companies recognize the value of effective project management, demand for skilled project managers continues to grow. What Can Project Management Do for Business? There are two elements at play concerning the business case for project management. The first is the question of why an organization needs project management in the first place while the second relates to when to implement project management for business initiatives. A Means to an End: Project Management for Business Goals
Some companies need to be sold on the benefits of implementing project management for business reasons, and this would be a general instance of making the case for project management as an in-house process. Companies that start small and subsequently experience significant growth may find it difficult to keep key stakeholders on the same page and ensure the cooperation of all departments involved. The project sponsor – or the person being held accountable for its key deliverables – should address upper management and explain the importance of project management for business success, as it provides structure and facilitates collaboration toward a common goal. Securing Project Approval and Obtaining Project Management for Business Initiatives
Once an organization has accepted project management a means to achieve efficiency and ensure accountability, the task remains of identifying which projects will be carried out, and which of those require a dedicated project manager.