Table Major Company Advantages Of Project Management

Better control of projects

92%

Better customer relations

80%

Shorter product development time

40%

Lower program costs

30%

Improved quality and reliability

26%

Higher profit margins

24%

Better control over program security

Other Benefits

• Better project visibility and focus on results

• Improved coordination among company divisions doing work on the project

• Higher morale and better mission orientation for employees working on the project

• Accelerated development of managers due to breadth of project responsibilities

Source: Reprinted by permission of Harvard Business Review. An exhibit from "How to Set Up a Project Organization," by C. J. Middleton, March-April, 1967 (pp. 73-82). Copyright © 1967 by the Harvard Business School Publishing Corporation; all rights reserved.

When a matrix appears to be going out of control, executives revert to classical management. This results in:

• Reduced authority for the project manager

• All project decision-making performed at executive levels

• Increase in executive meddling in projects

• Creation of endless manuals for job descriptions

This can sometimes be prevented by frequently asking for authority/responsibility clarification and by the use of linear responsibility charts.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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