Why project management is the backbone of any project ? Distance MBA in Project Management

1
Why is project management the backbone of any
project?

• http//www.mitsde.com

2
Why is project management the backbone of any
project?

• Project management is the cornerstone of
  every project. Efficacious management of
  resource, time, capital, operations and manpower
  is the key to the success of any project.
  However, managing a project is one of those
  things that may appear easy but it is one of the
  most intricate tasks. It is carried out right
  from the start and continues until the end of the
  project. It involves making crucial decisions
  during the life cycle of the project and then
  implementing it in the right way.  Here are few
  more reasons why it is regarded as the backbone
  of every projectIt defines a plan and keeps
  everything streamlined

3
Why is project management the backbone of any
project?

•  It defines a plan and keeps everything
  streamlinedThe primary task of a project
  manager is to make a blueprint of the entire
  project. This involves setting up of goals and
  planning the entire operations. This ensures that
  the project is handled with ease and it is less
  chaotic.
• It establishes a scheduleDeadline is the most
  important factor that decides the fate of the
  project- whether success or failure. A properly
  planned schedule ensures that every single task
  is completed on time so that the project is
  completed well before the deadline.

4
Why is project management the backbone of any
project?

• 3. Sound project management establishes unity
  among the team members
• Teamwork is essential to make any particular
  project successful. Sharing of ideas and
  collaborating with others to reach end goals
  increases productivity and facilitates the
  project to be completed well before the time.
• 4. Estimating, analyzing and evaluating
• It is expected from the project
  managers that they estimate the risk, analyze
  different phases of the project, evaluate the
  overall cost of the project and devise an
  estimated or intended budget.

5
Why is project management the backbone of any
project?

• 5.  Optimizes the resources
• Effectual project management curbs the
  operational costs and optimizes the
  resources. It ensures that the resources are
  used effectually and economically.
• 6. Controls cost
• Every single thing whether resources,
  manpower or raw materials require capital. Some
  of the projects may even cost more than the
  intended budget. Thus, project managers find out
  ways and develop strategies to keep the entire
  project under the budget.
• 7. Adaptability to changes
• The situation and conditions pertaining to
  the environment and other factors are subject to
  changes. This, affects the project also so proper
  management should be undertaken to manage all the
  changes.

6
Why is project management the backbone of any
project?

• 8. Monitoring
• Monitoring involves checking the quality of
  the product and matching it with the
  guidelines. Project management involves
  identifying the changes or defects, rectifying it
  and controlling the quality. This ensures that
  the products are of high-quality so that customer
  satisfaction is achieved.
• 9. Gaining experience and learning from the
  failure
• Each project teaches something and imparts
  some new knowledge and experience. This know-how
  can be employed in the future projects.
  Furthermore, project managers learn something
  from the success and failures. The learning can
  then be used in some other projects.
•  

7
Why is project management the backbone of any
project?

• All these factors make project management an
  essential part of every project. Thus, companies
  seek for those candidates who have requisite
  skills and know-how in the field of management.
  If you are interested to make your career as
  a project manager, then you can join a
  one-year Post Graduate Diploma course in Project
  Management offered by the reputed institute, MIT
  School of Distance Education. The institute
  facilitates in acquiring the management skills
  via distance education mode which further adds to
  the value of this course. So, whether you are
  working and looking for a promotion, or seeking a
  job, this course will uplift your value.