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If your company is on the verge of missing client deadlines, has moved a product launch because everything was not in place or have an inconsistent way of getting work done, you could benefit from project management. According to Wikipedia, project management is the “discipline of planning, organizing, securing and managing resources to bring about the successful completion of specific project goals and objectives.” This means you don’t just “do stuff,” but you have certain steps in place. Project management has several benefits, including helping your company better meet customer needs (no more “we don’t have your project ready” phone calls) and reduce costs (find what works rather than wasting money on what doesn’t). Times have very much moved forward in the last few years, with top BOM management software available for those who are looking to project manage their construction plan much more easily. The more you plan the project, the better off it will go!
It’s a misconception that because a small business does not have a large staff, then policies and procedures don’t need to be put in place. In fact, this is the best time to put project management into your plan. When new employees come on board there will already be a set of guidelines for them to follow. This is much easier to put together with one or two employees than when your staff has grown to fifty.
Gina Abudi of Abudi Consulting Group LLC offers six steps to creating new processes for your business. The first step is to simply determine the processes and procedures you already have in place. Many entrepreneurs have a certain way of doing things and don’t even know it. For example, if you want to launch a new product, you might first spend two days brainstorming on ideas. This brainstorming session could be built into your new plan. Other steps include pilot-testing the new process and then doing a yearly evaluation to make sure it still meets your business’ and customers’ needs.
Are you implementing project management in your company? How has it helped?
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