Here are the 5 steps to effective project management. Whether a change in inventory management , to the implementation of an ERP system for the company or a product launch, it is constantly in “project management method “.
However, entrepreneurs are still struggling to estimate the effort and time required to conduct perform their tasks successfully.
The failure of a project is rarely due to technology. Exceeding deadlines, changes in project scope and lack of resources are the factors responsible for the failure of almost half the projects in business, according to a surveys.
The consequences? time losses and money. The company does not obtain the expected benefits, and employees are unmotivated.
Read Also: 7 tips to set goals for your business plan
You can identify key steps in project management and learn how to avoid the pitfalls by following these steps:
Each project must start by identifying objectives. Think of such constraints that could threaten its successful implementation, including those related to the market, technology, human resources, budget and deadlines.
When you know that the project is feasible and it will be useful for the company, you can switch to the planning of all activities and determine the timetable. At this stage, describe in detail the activities, in chronological order. Who will do what? Do you have in-house all the necessary skills?
Then you have to execute the plan. This step requires rigor and discipline to meet schedule and produce deliverables. Weekly or quarterly meetings, depending on the complexity of the project, will help you take stock of progress and to avoid delays.
It is often said that it is in the last ten percent of the project that we lose momentum. People seem to have everything finished and they forget the last details whose implementation requires time.
Gather the project team to assess the good and bad shots to avoid the negative in the future.
Here are some tips to overcome the most common obstacles project management matters.
AD: Click here to Read Latest Nigerian News