Project Management and challenges go hand in hand. No matter what you do they are just inseparable and joint at the hips!
Pickup any project from your experience and you will find not a single project that did not have challenges written all over it. Right from the inception to closure all the way!
We are an advanced breed of technocrats, project management gurus and executive ninjas. Yet fail to prevent these challenges.
Why is it so?
Simple answer – “projects entail multiple moving parts and all of which aren’t under our control.”
Project Management is deployed to ensure
- Achieving the end goal
- Delivering on time
- Deliverables meet the agreed quality
- Expected business value is realized
- All of the above is achieved within the allocated budget
Now how much of it have we been able to achieve? Any guesses on the success rates?
A Harvard Business Review (HBR) report states:
Task Management is the vital part of Project Management.
Effective task management leads to on-time & within budget project delivery.
As a result we can achieve higher customer satisfaction and trust which fuels business growth.Why Effective Task Management is a challenge?According to Wikipedia,“Effective task management requires managing all aspects of a task, including its status, priority, time, human and financial resources assignments, recurrence, dependency, notifications and so on.
These can be lumped together broadly into the basic activities of task management.”When we say Task Management, it doesn’t mean only handling certain to do lists.
We also need take care of major aspects such as resource allocation, time estimates, progress tracking and budget.
Inconsistency of any one factor affects the entire task management process,causes delays in project delivery and affects business.
