Having Diffuclty Delivering Your Projects Accurately, On Time, And On Budget? Check This Article For Solutions.
‘What is the importance of project management?’ It’s an interesting question that clients sometimes ask. They will ask you, “Can’t we just inform the team that is doing the work and manage it ourselves? It will be much cheaper.
Some business owners wonder if they really need project management. On paper, it seems like an unnecessary expense. Sometimes, it is just an additional task that the team needs to do. So if all of those objections are true, why is project management important?
The truth is that running a project without a good project management process is a false economy. Businesses nowadays cannot afford not to have a project management procedure, here are some of the reasons:
- Guarantee that there is an adequate plan in place to execute the strategic objectives.
- Accurately set the proper expectations around what can be delivered, when, and how much.
- Help monitor the current status of completion, how much has been spent, and help accurately predict when will the project be completed.
- Check that risks are properly managed and reduced to prevent them from becoming problems.
- Ensures that the right people do the right thing at the right time, and it ensures that the right project process is followed throughout the project life cycle.
- Help the management team to learn from the success and failures of the past.
Excellent project management means much more than keeping the iron triangle of project management in check, meeting deadlines, budget, and scope. It brings clients and teams together, creates a vision for success, and puts everyone on the same page of what it takes to stay on the road to success. When projects are managed properly, there is a positive impact that reverberates beyond just delivering “the stuff.”
With Odoo Project and Timesheet modules, you can perform your project management easier and more efficiently. You can then assure that projects will be managed properly, delivered on time, and on budget.
For more information about how you can implement Odoo Project and Timesheet for your business, please contact us for more information.
Note: Photos are taken from Odoo website. Used with permission from the company.
