CASIPLE, JIEYA KYLAH D.

BSMA III-B
What is the importance of Project Management?
1. Clear focus and objectives
To execute the perfect project, you always need your team to be focused and ensure that
your plan is perfect to execute the goals of the company. Without effective project management,
teams might start working on a project without even clearly defining the project plan. When team
members understand the focus and objectives, a project progresses without any confusion or
chaos. The half of the battle is already won if you begin a project the right way.

2. Realistic project planning

It is perhaps the most crucial aspect of project management that decide the fate of a
project. You will be able to deliver projects successfully when the right expectations are set
around what can be delivered by when and for how much. On the contrary, a project is doomed
already if there are vague budget estimates and unrealistic deadlines and delivery expectations.

3. Maximum resource utilization

Whether you are working on an easy-peasy task or complex project, inappropriate
resource utilization can wreak a havoc. Using the right project management methodology can
help you realize how to utilize resources to the best advantage of a project. For example, small
and medium scale projects work best with an agile approach whereas large-scale projects work
best with the traditional project management approach.

4. Risk management
Oftentimes, we begin a project with the best strategy but fail to recognize potential risks
that could hamper the overall progress of a project. With effective project management and the
right project manager, one can always stay a step ahead from unwanted risks and threats.

5. Quality control
There is enormous pressure on project members to adhere to the project guidelines,
deadlines, budgets, compliance standards and quality control. Project management is important
to identify, manage, and control the quality of whatever is being delivered.

Effective project management benefits include:

 Understanding various objectives and project deliverables
 Satisfying needs of the project’s stakeholders
 Effective use of project resources
 Greater likelihood of achieving the desired result