Title: Why Is it Important for Organizations to Use Project Management? | Small Business - Chron.com
Headings: Why Is it Important for Organizations to Use Project Management?
Why Is it Important for Organizations to Use Project Management?
Cost-Effective Approach
Monitor Resource Procurement
Scope Assessment
Competitive Advantage

Content: Scope Assessment
The project manager considers the scope of the project and whether it moves the business forward in its mission and vision. While businesses should strive for new and innovative thinking, if it doesn't fit with the company mission, the project manager works with business leaders to either change the scope or terminate the project before additional resources are allocated to it. Project managers can help reduce scope creep, when the scope of the project begins to move away from the original plan. For example, assume a small fulfillment warehouse is set to implement a new cloud-based inventory system with point-of-sale software. The implementation cost is $10,000. The project manager assesses the cost versus the benefit to the company. If the new program isn't going to result in cost-efficiency that pays for itself, the project manager reviews the scope and makes changes, perhaps eliminating the point-of-sale component from the project. Competitive Advantage
Effective project management gives businesses a competitive advantage. Business owners who constantly try to stay competitive may find themselves in areas they are unfamiliar with on projects. Project management helps the business owner by using the experts in the areas needed while allowing the business owner to serve as an adviser to the project.