Essay on Project Management

1475 Words 6 Pages
Project Management

Project management is an essential part of the work environment and
its purpose within business, academic backgrounds and research are
crucial to the development of solutions and products that enable a
company to be successful. The idea of project management is quite
simple; a group of people are detached from the company and given a
goal to focus their efforts on. The size of the group is entirely
dependant on the size of the company. When looking to put together a
project management team, there are two key factors that many, if not
all, companies take into consideration; the skills that each
individual possess in the team and whether these skills can be
utilised in such a way to achieve their goal in a team
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They client can report to them whether
this plan is too complicated for their company or whether it takes up
an unreasonable amount of time to implement which would result in a
loss of business. The success of the project management team would
ultimately depend on whether the company benefits from an increased
number of customers since the implementation of the project management
plan, which would inevitably lead to greater revenue. For larger
companies, it is not much different but the objectives that the
project management team have to address would be more complex since
sometimes the businesses will have to make use scarce resources
efficiently, especially in hi-tech fields. Thus this would take more
time. In this situation, the success of the project management team is
judged by whether they can complete all of the objectives in a set
time, within budget and sometimes on an international scale. In both
cases, whether the company is large or small, the sign of a good
project management team is its ability to identify problems or issues
with the project as early on as possible and also the ability of the
project manager to follow up their previous projects whether they be
successful or not providing solutions along the way to the client.
This is how the performance of a management team should be assed; by
the quality of the follow ups of its projects, the ability to produce
project plans for long and…

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