Posted on April 2, 2015 · Posted in Project Management

As trends and business objectives and strategies shift, it seems that businesses are constantly changing their dynamics and operations to increase efficiency and decrease costs, as well as overhead. As a result, the demand for project management skills, as well as a PMO has increased significantly. Here are some ways that aligning project management with business management can streamline operations and increase efficiency, without the cost.

Ready, Set…Reach. First and foremost, implementing project management strategies can help businesses not only define their goals but execute strategies to reach them and in a timely manner. Project managers and even PMOs have the ability to look at a business and objectives from a different light, as this can sometimes be difficult for entrepreneurs who are whole-heartedly invested in their entities.

Project management teams will be able to define business objectives, set quantifiable and qualitative goals, deadlines, assign tasks to accomplish each milestone, recruit resources and suppliers, and even manage budgets.

The 4 D’s. Regardless of project size, subject, and complexity, project managers can implement the “4 D’s” to any business management project. The four D’s include: Define, Design, Develop, and Deliver. Project managers or a PMO can define business goals and objectives, put together a strategy or production plan to meet them, execute action items and monitor activities to reach those goals and objectives, and then finally “deliver” the outcome.

Boost Performance. Finally, recruiting a project management team can assist entrepreneurs and businesses to boost performance. Performance is based on and measured by data analytics today. How quickly can teams acquire data to measure performance and strategize accordingly is in big demand today. However, working with a project manager or PMO can make all the difference. Executing a plan to reach business goals and objectives, and properly aligning business management with project management can certainly boost performance, reach goals and objectives, and strengthen the organization as a whole.

Project Close-Out. Some businesses might think that recruiting a project manager or project management team, or even outsourcing to a PMO can be costly. However, project managers are bred to work within even the tightest of budgets. A good project manager will work to ensure that a project is completed and delivered within budget constraints but without sacrificing quality. This can certainly be a challenge, but it is entirely possible with the right resources and experience.

Finally, a project management team or PMO can work with any business or entity on aligning business goals and objectives in order to launch a new product or idea, restructure teams while increasing work flows and productivity, rework a marketing plan, or even reorganize and reposition an entity in order to reach goals and objectives. Regardless of the entity, product or service, or project complexity, aligning project management with business management is the answer.

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