Businesses large and small are constantly looking for ways to stay ahead of the competition by delivering innovative new products and services to the market. One way that they are accomplishing this is by employing consistent project management processes to deliver business results. Smart corporate leaders understand that project management can be the bridge between strategy and results. The ability to deliver a project on time and budget and can determine if a new product hits the market.
Many organizations are developing a Project Management Office (PMO) that is aligned with the corporate strategic plans. As a result new projects are evaluated and only projects that are adding value to the organization are executed on. Aligning projects to strategy and defining the value prior to even starting a project is a win-win to the organization by gaining buy-in from all impacted stakeholders and helps focus the project team on the end goals.
This streamlined project management framework sets standards for project deliverables, including tracking and communicating schedules, establishing delivery metrics and milestones, performing status reviews, as well as conducting risk and quality measures.
They key is having the right Project Managers in place to perform the work. That includes hiring PM’s with the Project Management Professional (PMP®) certification.