Project management is a complex process that has a crucial significance for an organisation’s performance.
Inappropriate project management in organisations often leads to major negative consequences such as higher operational expenses, major delays, and controversies between colleagues or with customers. It is important for organisations to develop unique project management practices with consideration of particularities of their operations; these practices should provide details of both tool usage and project management processes.
Effective project management enables better performance to be expected: timely completion of projects, fewer delays or other divergences from initial parameters, increased smoothness, and more effective acting in the process of pursuing the organisation’s goals. When common project management standards are in place and certain tools are used as agreed, it is easier for organisations to assure continuity of operations and simpler inclusion of new employees.
Common project management standards, the respective tools and required competences can help teams organise their project activity in a higher quality manner: their project planning and management is more effective, their project activity organisation is smoother, and they can solve any encountered challenges in a timely manner.
Project managers and employees working on projects who act according to clear, common project management standards developed with consideration of the particularities of operations can expect more clarity in their work, fewer disagreements and less stress when they have to deal with projects associated with considerable volatility. Furthermore, the uniform use of project management tools helps improve the effectiveness of communication and operations and assure any issues arising are solved in a timely manner.