Title Card

Keyla Del Cid
Degree in Bilingual Executive Communication
Universidad Tecnológica de Panamá

Wednesday, November 9, 2011

The Importance of managing projects well

PROJECTS ANALYSIS

Project Management is very important, because it demanded the full attention and concentration of the person who directs. In this activity not only the big projects can have problem with the deadlines and budgets, also the smallest projects can have troubles. Some projects fail because the work takes longer than planned.

Sometimes the cost of labour or materials is more than the agreed budget. But good project management can increase a company's profits. Project Management is not a new science. It has an international association, The Project Management Institute (PMI), based in Pennsylvania, USA. The PMI sets professional exams that thousands of people take every year. It has 150,000 members in 150 countries. All of the members are specialists in managing projects.




Customers are happy when they receive the project delivery date or earlier, and also are not over budget. The success of these companies depends on their willingness and planning of the work to develop.

Positive:
Increase the profits of the company
Customers are happy when they receive the project the delivery date and are not over budget

Negative:
Sometimes the labour cost or materials is more than the agreed budget

To develop a good project we need to make a project analysis to get the possible numbers , deadline, etc.

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