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Project management has become a vague term. Ambiguous, convoluted, confusing. Finding a true definition can be hard, so we don’t blame you for being confused about what it really is! At the end of the day though, it remains one of the best business tools you can use. So, understanding the key role it plays in your business is important. Read below to learn three key aspects of project management, so you can understand how to utilize it:
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Project Success
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We can all agree we want every project to be successful. We want to meet every business goal we set and those set for us. Project management is your ticket to making this happen. As Adam Hayes says “I’d suggest that ‘project management’ is…a methodology of dealing with your projects that seriously makes the difference between success and failure.” And the success (or failure) reaches far beyond the one project you might use it on. For instance, if you have failed effort (project) after effort, you will definitely suffer low morale and you might lose employees. On the opposite side, having success after success will build drive and dedication. Use professional project management to build confidence and success. Do not limit success to one project, use project management to see success on every project.
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Business Longevity
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Business sustainability and longevity are our real goals. None of us want solely to experience short-term success. No, we want the long-term success. To know that our businesses will be around, be leaders, for a long time. This is again where professional project management plays a key role. From focusing on key skill transfer, to solving a business problem holistically, project management builds a sustainable environment for you. It ensures you know how to tackle future problems, how to break down silos, etc. It is a necessary part of all business if you truly want longevity.
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Accountability
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Accountability is huge in our business world – and sadly often lacking. Project management helps here because it builds a culture of accountability. From leadership, employees, and stakeholders. A project manager holds everyone involved in a project accountable and illustrates how do to this effectively without micromanaging. This is important because it allows the source of any issue to be quickly identified. For instance, if a project is suddenly derailed, you would be able to pinpoint exactly who was involved and where and why it occurred. Knowing this allows you to quickly fix the issue and get back on track for success.
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While you might not find an exact definition of project management online, you will find the impact it has on your business. As the three key points above show, it is critical to the overall success and longevity of your business. It truly helps in all areas from retention to revenue to accountability to data performance. We know it can be easy to dismiss project management, but if you want to be successful in 2021, don’t fall victim to this. Instead, look at all that you can gain from working with a good project manager. If you do, you will likely have your best results yet.
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Interested in learning more about project management? Contact our team at Kim@QuantumMark.com today!
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