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Project Management : Why is it so important ?

Project management is an approach of planning, organizing, and managing resources to bring about the flourishing achievement of specific project goals and objectives. Project management is a long procedure that needs involvement of many persons and required an efficient plan to be followed, otherwise the whole project can go to a chaos.

According to a recent study, only 29% of the IT projects are completely successful in year 2007, 23 % were failed, 45% were average cost overrun, 65%  were time overrun and 49% were challenged projects. The above statistics shows that a superior project management can make a project successful, while a poor project management can spoil your efforts, money and time.

There are many reasons for an unsuccessful project. In general there can be staffing mistakes, process mistakes, planning mistakes or communication mistakes. Here, we are discussing some Project management Mistakes that can make your project a big confusion.

Mismatch between right resource and right skills: This mismatch between resources and skills can be a major reason for a project collapse. Improper allocation of resources can lead to the erroneous utilization of skills.

Lack of experienced project managers: A project manager directs all the people concerned with the project to accomplish their jobs. If a leader is not performing it’s job in a fine manner, then we can’t expect a prolific outcome from a project. Team members can take advantage of the experiences faced by a senior team manager.

Attitude of ignoring small problems: This is a common problem that many projects have to follow. Some team members ignore small problems at the initial stages and it can lead to a huge dilemma at the later stage.

Lack of up to date information about the project: Team members should have detailed information about the project. With the lack of information, they could not be able to establish proper coordination between resources and the skills required to make the project a success.

IT Doesn't Follow a Standard, Repeatable Project Management Process: Lack of suitable methodology increases the risk that tasks related to the project will fall through the cracks, that projects will have to be re-worked, and ultimately that a project won't be completed on time or on budget.

Working on more than one project at one time: Handling more than one project at one time can divert team member’s mind and they would not be able to concentrate on aspects like requirements of the projects or the proper utilization of resources etc.

Lack of communication between project sponsors and shareholders: This can be another reason for a project failure. Communication is the key element for project success. A strapping bidirectional communication helps in understanding the requirements of the project and the
the available resources. A project can never show good results unless the requirements are clear between the two parties( developer and the client).

The above are some very common project management mistakes that have to be removed in time, otherwise they can spoil a project and it will lead to wastage of efforts, money and time.

Satinder Kaur/ITVoir Network 

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