Question

Discuss how project management is essential to organizational functionality.

Discuss how project management is essential to organizational functionality.

Homework Answers

Answer #1

Project management is the mechanism through which the various resources, methods, skills, capabilities and experiences are focused to achieve the project objectives.

The importance of project management to business:

  • Helps in drafting a project schedule and helps in maintaining focus to successfully follow it
  • Ensures efficient utilization of resources
  • Teamwork gets fostered for the success of the project
  • Helps in integrating different projects and processes
  • Facilitates reduction of waste and thus minimizes production cost
  • Any kind of change in the project can be effectively implemented
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