What can be done to increase a project’s likelihood of success?
How do you plan a project when there are many uncertainties?
How can you meet deadlines and control costs?
In today’s business environment, project management has become one of the most valued skills in all types of organizations (profit, non-profit, governmental, etc.). Companies are experiencing a growing phenomenon called projectization, where strategy implementation is carried out through appropriately selected projects. Project Management has therefore evolved from being a competence required by technical experts to a management responsibility. To compete and survive, organizations have no choice but to achieve the intended results on time while keeping control of the resources used. This is true for companies that deliver project work as part of their customer offerings and for companies that use projects to improve their internal processes.
The current economic crisis is creating many opportunities that can become projects aimed at changing a company’s business focus, such as opening new markets, establishing alliances with suppliers and customers, eliminating operations waste, merging companies, and integrating vertically. To be successful, each of these opportunities should be transformed into a manageable project and then planned and executed taking into account the inherent uncertainties and risks.
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