Today’s dynamic business environment demands better predictability in planning. Most of the time, the key initiatives, identified as part of strategy and planning, are managed as portfolios, programs, and projects. Management is expected to ensure that adequate measures in terms of standards, processes, techniques, monitoring and control are in place for successful strategy execution.
If the answer to any or all of the above is yes, you need to seriously consider setting up Project Management (PM) function in your organization.
There are a number of international standards and each organization prefers to select one or more that are most appropriate to their business circumstances. A mature practice relies on proven and repeatable processes and techniques to achieve project success. Project Management involves managing and relating to people. It requires skilled and experienced Project Managers who can adapt to the unique situations that are inherent to each project. Project Management is a crucial function which must not be overlooked as it heavily contributes to saving cost, increasing quality, delivering value and reducing risk.