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

Project management structure, what are the segments involved in project man...

what are the segments involved in project management structure?

Revolution advantages of changing in information technology, What are the a...

What are the advantages of the revolution of changing in information technology? The positive side of the strides made within the realm of information technology is more benefi

Define the process of critical path analysis, Define the process of critica...

Define the process of critical path analysis. Process of critical path analysis: 1. Break down project within a logical sequence of activities to be finished. 2. Appro

Participative management, PARTICIPATIVE  MANAGEMENT IN LIBRARIES MANAGEMEN...

PARTICIPATIVE  MANAGEMENT IN LIBRARIES MANAGEMENT: Like most other organizations, libraries and information centres have the dual social responsibility of satisfying the needs

Project specification and planning, Industrial Design Industrial Desig...

Industrial Design Industrial Design differs from conventional design engineering in terms of (largely) aesthetic and ergonomic requirements, coupled with a need for effective

When is employer not liable to pay compensation to employee, When is an emp...

When is an employer not liable to pay compensation to an employee? Compensation: An employer is not liable to pay compensation to an employee under the given circumstanc

Employee involvement and error-free process, Elements of total quality mana...

Elements of total quality management: Employee involvement: Employee involvement  and team building helps in fostering collaboration, trust, open, honest communication

Back to school crunch at global green books publishi, what risks can you id...

what risks can you identify? why are they risk to global green books publishing?

Third elaboration iteration, Perform a status assessment of the third Elabo...

Perform a status assessment of the third Elaboration iteration. DO NOT GENERALISE. Assess each activity separately and assess it against the outcomes specified for the activity. Ge

MSc PM, Hi I would like to know if you assist on the dissertation or what s...

Hi I would like to know if you assist on the dissertation or what services you can provide. Thanks,

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