Project management is the art of managing a project and its deliverables with a view to produce finished products or service. There are many ways in which a project can be carried out and the way in which it is executed is referred to as Project management. 

If your business offers products or services, you definitely need some efficient ways to manage projects. Majority of Nigerian business owners are afraid of the word project management or hesitate to implement productive tools or software as they are not fully aware of the benefits they offer. It is important for every business whether large or small, to run their business operations as effectively as possible. They must get the most out of the best productive tools and project management software to make their business grow.

Companies hire project managers so that targets set by the clients and stakeholders can be achieved within an agreed timeframe. After all, companies do business, not charity, so there has to be Return on Investment (ROI), project managers help to keep the project cost within limits in combination with on-time delivery so that the ROI can be secured. There is a huge difference between just completing a project versus completing a project successfully, and a project cannot be completed successfully unless it is effectively managed.

Improving visibility and control over your products and resources can greatly help improve business efficiency and productivity. No matter if you want to improve the process of task assignment, or improve the overall efficiency of the business.

Many people get confused about the role of a Project Manager especially in agile projects. The truth is whether project follows waterfall model or agile methodology, the presence of project managers will always be inevitable due to following reasons:

• People are not perfect, they need to be managed and aligned with project objectives.
• Requirements are like wind that blows randomly all the time, these unpredictable changes need to be controlled and manage
• Communication gaps need to be bridged
• Processes are not perfect, they need to be improved
• Even sprints in agile need to be planned, work needs to be time-boxed else the project will be never ending.
• Monitor and Control deviations and take actions to pull the project back on track.

Hence, the effective project management techniques leads to business success through lesser risk, reduced costs and most important of all enhanced customer satisfaction. 

To help project managers in contributing to organization’s success, there must be alignment between organization’s mission, vision and priorities and the actual work being done. If strategy is the engine that drives the company toward its goals, project management provides the underlying framework, it protects against issues and risks. It is the discipline that guarantees that someone’s hands are always on the steering wheel and the project is heading in the right direction.

The concept of project management has been around for a few decades now and its importance has only increased with time. Companies, whether big or small, get involved in new undertakings every now and then. This can prove to be overwhelming, which may result in the loss of direction and, ultimately, chaos. By applying sound project management practices, companies can ensure that their undertakings are delivered on time, within the cost budget and to the specified quality.Click Here to get in touch with an experienced Project Manager.