Essay on Project Management

1464 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
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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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