Project Management Importance

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Project Management
Project management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements. Project managers must not only strive to meet specific scope, time, cost, and quality requirements of project, they must also facilitate the entire process to meet the needs and expectations of the people involved in or affected by project activities. It can also be defined as the discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specific time. Project management is all about managing people and plans, successful project managers are aware how important it is to develop, refine, and follow plans to meet project goals. People are more likely to perform well if they know what they are supposed to do and when.
Project Management elements
Project stakeholders
Project management process groups
Knowledge areas
Tools and techniques
Project success
Contribution of a portfolio of projects to success
Stakeholders …show more content…

This make project management important because it ensures the quality of whatever is being delivered consistently hit the mark. Projects are also usually under enormous pressure to be completed. Without a dedicated project manager, who has the support and buy-in of executive management, tasks are underestimated, schedules tightened, and process rushed. The result is bad quality output. Dedicated project management ensures that not only does a project have the time and resources to deliver, but also that the output is quality tested at every stage. Good project management demands gated phases where teams can assess the output for quality, applicability, and ROI. Project management is of key importance to quality assurance because it allows for a staggered and phased process, creating time for teams to examine and test their outputs at every step along the

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