Project Management within a Business

Within any organization there will be tasks going on that need to be managed.  This process is formally referred to as project management, and is essential to the success of many operations.

Usually it is the upper management within a company that will be the personnel in charge of managing many different projects.  However, they may rely on other employees to help with certain aspects of the various daily tasks.  It is important for businesses to clearly identify what individual within an organization will be in charge of the details of a project and who will assign smaller jobs that need to be completed as well; this is called delegation.  It is important for the owner of a company or business to choose a manager who is able to stay on top of tasks and have an end date in mind for when the project will be completed, and to actually meet that goal on a consistent basis.

A successful project manager (PM) should be able to think quickly and make decisions in a moment’s notice.  A PM should also have a positive attitude and be able to lead a team through anything that might arise.  There will be events that come up during a project that will require multi-tasking; this should be another characteristic of an individual who is in charge of managing projects – the ability to multi-task well.  There may also be multiple developments going on at once and the PM will be required to delegate certain duties to other employees in order to stay on track.

Successful project management will also involve periodic reports to the owner or other members of upper management detailing how the project is going.  This will involve letting them know of any issues that have occurred along the way, how much money is being spent or how much more money is required to accomplish a goal.  A good PM will understand the importance of keeping the waste low and production high.  The better a manager is able to clearly make decisions, the more likely he or she will complete the project on time and the company will benefit from that in the end.  The less waste that is produced the better.  Staying on budget is perhaps one of the greatest responsibilities of a PM.

It is always important to learn from any mistakes made along the way or to make note of what went really well.  This knowledge will be able to be applied to future projects along the way and how to better manage them.  When it comes to project management, there should always be specific goals documented in advance and reached along the way from the time a project is executed to the time that it is completed.  There are different approaches to project management, they include:  the traditional approach, critical chain approach, the extreme approach, event chain methodology, process based management and agile project management.