The state of project management

The state of project management

 

The project management is becoming a key feature of success for the businesses and other large projects of the companies. It is a way of controlling the team or staff members to achieve the specific goals. In different businesses and companies the people have started focusing on the project management for the success of the projects. In 20th century the project management appeared as a separate profession and it worth was known by many companies. The project managements manage the things which include the human resources, time, cost of the project, the requirements to be fulfilled by the project, the quality, the management of the risky factors that can appear in a process, and the management of the stake holders. All these factors are managed by project managers and they are paid well by the organizations and companies for the management which increases the chances of the success of the small and large projects.  Every year the state of project management is created and here we will discuss the state of project management in 2015. The different surveys among the people and employs of different companies have given the state of the project management in the respective years. The statistics of the 2015 shows that about 55 percent of the respondents who answered the questions said that they are fully aware of the needs of project management and anyone who can manage those projects, 80 percent companies and organizations who are performing their best and known worldwide for their success are aware of the importance of project management and have hired project managers for their success also 35 percent of lower setups and companies have acknowledged their needs.  The low performing companies which do not hire project managers and do not do stuff like that to manage the projects have a great loss in 2015 which was about 13 times greater than the organizations with greater and best performance who have taken care of the whole management process. The loss of the low performing companies was US $250 million while the loss of high performing organizations was US $20 million. 61 percent of the working people as a project manager and practitioners report that the companies in which they work offers project management training sessions and other stuff to work better for the management and betterment of the time, for proper utilizing of the time, they also mentioned that there is a large chance of failure for large projects, they are not completed at time while small projects are easy to manage and all the requirements are fulfilled for the clients. The smart companies are well aware of the needs of project management and not only have they hired project managers for the purpose to achieve success while doing or completing a project, they also implement the technology and use the software built for the management of the projects known as project management software. Along with the human effort these software also help to generate the management strategies.

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