Share
Explore BrainMass

What is it about project management that offers business a competitive advantage in its industry

1. What is it about project management that offers business a competitive advantage in its industry.

2.Think of a successful project and one unsuccessful project.What distinguishes those two, both in terms of the process used to develop them and their outcomes.

Solution Preview

1. What is it about project management that offers business a competitive advantage in its industry.

Project management as a concept allows managers and organizations to control the flow of information, data, products, and services within a project from start to end. It's main goal is to increase efficiency and minimize cost. Project management, if implemented correctly, can also offer some considerable competitive advantages:

- Increased efficiency. Project management simplifies and 'maps' the requires steps to complete a project. It allows for the minimization of errors.
- Shorter times. It helps increase customer satisfaction as orders and requirements are fulfilled quicker ...

Solution Summary

The project management that offers business a competitive advantage in its industry is determined.

$2.19