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Value Of Project Management And Management

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VALUE OF PROJECT MANAGEMENT & A SURVEY ON PM PRACTICES ON IT/TELECOM SECTOR

Companies these days are turning to project management to consistently deliver business results and to stay ahead of the pack in today’s competitive and chaotic global economy. Project Management is in fact elaborated as project, program and portfolio management. More companies these days clearly sees the payoff from investing time, money and resources to build organizational project management expertise which ultimately benefits the company with greater efficiencies, improved customer and stakeholder satisfaction and greater competitive advantage.
A survey by consulting giant McKinsey & Co. found that nearly 60 percent of senior executives said building a strong project management disciple is a top-three priority for their companies as they look to the future.
1. WHY PROJECT MANAGEMENT MATTERS:
Prominent organizations across sectors have been steadily embracing project management as a way to control spending and improving project success. Under economic crisis, executives of various organizations have discovered that adhering to project management strategies have reduced risks, cut costs and improved success rates. Companies are also discovering that as their PM strategies matures, the business values derived from it also increases. So ultimately to increase these business values, executives at many global organizations are creating formal project management offices as well. This also gives
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