What value does project management add, Project Management

Assignment Help:

Q. What value does project management add?

This is extremely difficult to answer in traditional accounting terms for the reason that the real value is in the quality of the end results and the avoidance of unnecessary delays and costs. Briefly the stakeholder as well as customer satisfaction. It's similar to taking out insurance no one argues about taking out the right amount of insurance. No one must argue about doing the right amount of project management. Keep in mind that Murphy that good old proponent of humorous laws has said A poorly run project will take three times as long and cost three times as much as a well run project. But he as well added compared to a well run project which only takes twice as long and costs twice as much. For our financial accounting friends that is a 50% saving right there!


Related Discussions:- What value does project management add

The hotel refurbishment project, S Company has been awarded the contract fo...

S Company has been awarded the contract for the refurbishment of a local hotel. The overall timescale for the project has been agreed at 30 weeks (a high fast completion for this s

Components of strategy, Components of Strategy Strategy has four basic ...

Components of Strategy Strategy has four basic components: Scope: which refers to the position the firm wants to have in relation to its environment. Resource deploym

Planning-process management, Planning which is the process of formulati...

Planning which is the process of formulating future courses of action (i.e. deciding in advance what needs to be done, how it is to be done, when it is to be done and by who. W

Projectplanning, #question.what is project planning.

#question.what is project planning.

Define deterministic model of inventory control, Question 1: Define det...

Question 1: Define deterministic model of inventory control. Explain inventory costs and relationships Description of deterministic model of inventory control Invento

Process planning, Process planning A process is any part of an organi...

Process planning A process is any part of an organization that takes inputs and transforms them into outputs. The value the process generates is the difference between what t

Location models or methods, Location Models or Methods Factor rating ...

Location Models or Methods Factor rating system Factor Rating System are  perhaps the most   widely used  of the  general location  techniques because they provide  a mec

Benefits of quality, B enefits of quality The benefits of quality in p...

B enefits of quality The benefits of quality in project performance are: C ustomer satisfaction: is the result of a quality product or project. If customers requirem

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd