{"id":1306,"date":"2022-06-09T20:33:02","date_gmt":"2022-06-09T19:33:02","guid":{"rendered":"https:\/\/cyber.scot\/?p=1306"},"modified":"2022-06-09T20:33:47","modified_gmt":"2022-06-09T19:33:47","slug":"why-is-project-management-important","status":"publish","type":"post","link":"https:\/\/cyber.scot\/blog\/2022\/06\/09\/why-is-project-management-important\/","title":{"rendered":"Why is Project Management Important?"},"content":{"rendered":"\n<p>Have you ever wondered \u201cWhy is project management important?\u201d<\/p>\n\n\n\n<p>If you\u2019ve never worked with a project manager before, it can be tempting to forego the expense in favor of managing a project yourself. After all, project management can be a hefty financial investment, so why not just do it yourself?<\/p>\n\n\n\n<p>But that would be a mistake.<\/p>\n\n\n\n<p>A good project manager is the glue that holds a project together and ensures quality and objectives are met on time and on budget. According to the&nbsp;<a href=\"https:\/\/www.pmi.org\/-\/media\/pmi\/documents\/public\/pdf\/learning\/thought-leadership\/pulse\/pulse-of-the-profession-2018.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Project Management Institute<\/a>&nbsp;(PMI), organizations that undervalue project management report an average of 50% more of their projects failing outright. Fifty percent.<\/p>\n\n\n\n<p>Failed projects can quickly derail your initiatives and delay or even prevent business growth.<\/p>\n\n\n\n<p>Project management is more than simply tracking deadlines and setting a budget. A good project manager takes control of a project from beginning to end, ensuring that the initiatives and goals are strategically aligned, the project has stakeholder support, and everyone is on the same page.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is project management?<\/h2>\n\n\n\n<p>To understand why project management is important, we first need to define exactly what project management is.<\/p>\n\n\n\n<p>PMI defines project management as \u201c the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.\u201d A basic&nbsp;<a href=\"https:\/\/www.lucidchart.com\/blog\/the-4-phases-of-the-project-management-life-cycle\">project management lifecycle<\/a>&nbsp;covers four stages:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Initiation<\/li><li>Planning<\/li><li>Execution<\/li><li>Closure<\/li><\/ul>\n\n\n\n<p>In other words, the purpose of project management is to plan and manage a project to successfully complete its listed goals and deliverables. It involves identifying and managing risks, careful resource management, smart budgeting, and clear communication across multiple teams and stakeholders.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why is project management important?<\/h2>\n\n\n\n<p>Because projects are often complex and involve numerous stakeholders, having a project manager to lead the initiative and keep everyone on the same page is critical to project success.<\/p>\n\n\n\n<p>In fact, PMI found that organizations using any type of project management methodology are better at meeting budget, staying on schedule and meeting scope, quality standards and expected benefits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Have you ever wondered \u201cWhy is project management important?\u201d If you\u2019ve never worked with a project manager before, it can be tempting to forego the expense in favor of managing a project yourself. After all, project management can be a hefty financial investment, so why not just do it yourself? But that would be a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised"],"_links":{"self":[{"href":"https:\/\/cyber.scot\/index.php\/wp-json\/wp\/v2\/posts\/1306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cyber.scot\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cyber.scot\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cyber.scot\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cyber.scot\/index.php\/wp-json\/wp\/v2\/comments?post=1306"}],"version-history":[{"count":1,"href":"https:\/\/cyber.scot\/index.php\/wp-json\/wp\/v2\/posts\/1306\/revisions"}],"predecessor-version":[{"id":1307,"href":"https:\/\/cyber.scot\/index.php\/wp-json\/wp\/v2\/posts\/1306\/revisions\/1307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cyber.scot\/index.php\/wp-json\/wp\/v2\/media\/1255"}],"wp:attachment":[{"href":"https:\/\/cyber.scot\/index.php\/wp-json\/wp\/v2\/media?parent=1306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cyber.scot\/index.php\/wp-json\/wp\/v2\/categories?post=1306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cyber.scot\/index.php\/wp-json\/wp\/v2\/tags?post=1306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}