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Tips for Project Management The concept of project management can be intimidating to many small companies but it needn’t be. By focusing on a few simple concepts your ability to manage projects to successful completion can be greatly enhanced.

 

Define the Project

Defining the project can spell success or failure from the very start. Projects that have unrealistic goals, are poorly conceived in the first place, and don’t have bounded timeframes are common mistakes during project definition. Consider the following elements of a project during your company’s next project.

A project is defined as a temporary endeavor, having a defined beginning and end, undertaken to meet particular goals and objectives.

·          A temporary endeavor – projects are an activity performed to achieve a specific goal. Activities that support on-going production and operations of the business are not projects. Ensure your project is a temporary work effort and not an effort likely to never end.

·          A defined beginning and end - projects must be time bound with a beginning and end date that realistically allows enough time to perform the work effort required of the project but not too long so as to lose focus, funding, and control. The duration of a project is obviously impacted by the size of the project effort – but keep in mind that the longer a project lasts the more likely it is to miss its target date and run over on budget. Also, projects lasting many months or even years often no longer meet the needs and goals of the business they were designed to achieve in the first place.

·          Meet particular goals and objectives – a project must have a goal or objective and while some projects can be loosely defined (e.g. lower operating costs) the most successful projects clearly articulate the project goal (e.g. lower operating costs by 10% in 12 months). A clear project goal or objective reduces ambiguity and holds project team members accountable for their actions.

Keeping these three concepts in mind will help you define your project in a way that helps everyone understand the timeframe and goals of the project.