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What are the benefits of project management?

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What are the benefits of project management?

Provide an example of how you have relied on project management.

Based on your readings, how can you improve your project management skills?

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Solution Summary

This solution discusses four benefits of project management, an example of project management in the Expert's workplace, and tips for improving ones own project management skills.

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The major benefits of project management include:

1) Successful completion of organizational projects as per desired scope, schedule and budget: The organizational projects will be completed as per the desired objectives of the project sponsor and as per the project scope, schedule and budget.

2) Proper utilization of limited resources.

3) Better efficiency in delivering services: Project management provides a "roadmap" that is easily followed and leads to project completion. Once you know where to avoid the bumps and pots holes it stands to reason that you're going to be working smarter and not harder and longer. ...

Solution provided by:
Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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