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Importance Of Project Planning And Management

Project management is the most essential part of any company or organization. Project management is the concept of guiding team members to perform all the needed tasks and activities to meet a common goal.

Project planning and management

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During the planning process, the project scope is defined, the budget is set, the timeframe is determined, and the project team is assembled. And the project manager assigns all the project’s activities to the responsible project team members. The project team needs to work within a specific set of parameters to keep from straying from the initial objectives.

Project planning and management

Image source: Google

Project planning and management are done by the project manager. It is important for every company and organization to hire a project manager. The project manager will help keep the team focused on meeting their tasks and activities. The main goal for any group is to complete the project in a given time and budget which is set up in the beginning.

 

When a project is completed then a project audit is conducted by the project auditors. It is beneficial for a company to have a project audit after the completion of a particular project.

project audits

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The main idea is to check what went right and wrong during a project. If the project was successful, they want to move quickly to the next assignment. If the project was a disaster, they want to bury and forget about it as quickly as possible. This helps the team members to learn something beneficial from this. 

project auditors

Image source: Google

The aim of the project auditors is not only to determine the health of the project or identify corrective actions that will improve project performance but to determine whether the project is managed properly. Project audits can be carried out at any time during the project life cycle, or after the project is completed.

 

The middle project audit has the advantage of potentially correcting project management errors for the audited project. The audit at the end of the project will not only help the current project but the audit points will benefit the entire project life cycle of the future. Visit here to know the benefits of project management.