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: 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. The project manager can break any project into smaller sections and provide timetables and metrics regarding success that help the business owner define the true viability of the project. For example, a fitness studio owner might implement a series of exercise programs with new, cutting-edge equipment. The project manager would not only be in charge of getting the equipment and installing it but should also establish the marketing campaign to get new students in the door. The business owner focuses on keeping existing clients happy while testing the results of the new program. This allows for innovation without risking the core business.