Advantages of Project Management

  • Responsiveness to Clients and the Environment
  • Ability to make Timely Trade-off Decisions
  • Central Locus of Decisions to insure overall Project Optimality
  • Better control, better customer relations,shorter development time, lower costs, higher quality and reliability, higher profit margins, sharper orientation towards results,
    better co-ordination, higher morale
    • Bosses, customers, and other stakeholders do not like surprises. Good project management (PM) provides assurance and reduces risk
    • PM provides the tools and environment to plan, monitor, track, and manage schedules, resources, costs, and quality
    • PM provides a history or metrics base for future planning as well as good documentation
    • Project members learn and grow by working in a cross-functional
      team environment