Category: Business & Finance
Professional project management consulting is a must-have service for many businesses today. I know it from my own experience. Last year, our company suddenly found that their ongoing projects brought no more expected return. In truth, our projects were not cost-effective – too many resources invested but no desired results received. We wasted our time trying to understand what’s wrong. Then we formed a small research group inside the company and delegated them the analysis of current situation. No luck, weak results were achieved. What we didn’t but should do is to take a deep breath and view our management approach from another, outside perspective. A professional project management consultancy helped us.
Organizations develop their business strategies along with their project management. Some companies accelerate strategic development by employing the predictive project management approach, trying to overlook and deliver the desired result. Other organizations prefer keeping their strategies adaptive to changes by using incremental project delivery. Each business should decide for itself which approach to employ. In this article I talk about how the types of business strategy are developed by predictive and adaptive project management.
As a rule, the process of researching and analyzing the activities of a project for possible gaps in business requirements and inefficiencies in solution delivery is carried out by a professional (or an expert group) appointed to the role of business analyst. This professional contributes to solving the solution design and implementation issues in project management by providing expert advice, guidance and leadership to the project manager, team and other stakeholders. The business analyst takes ultimate responsibility for identify and solving problems affecting the business solution, and works closely with the project manager to analyze the existing business systems and make recommendations for improvement.
Having a consistent methodology in place lets decision makers establish, support and implement best practices of management in their business environment. A business methodology increases chances of success, prevents waste of time and effort, eliminates unnecessary actions, and ensures consistent reporting and analysis. If you currently use a strategic methodological approach in your company or consider implementing one, consider the four benefits of having such a roadmap in place.
Good business decisions never come up right away. Decision making is a thorough and often time-consuming intellectual process, so every decision maker needs to take a number of steps (for example, analyze the problem, determine possible solutions, select evaluation criteria, identify desired outcome, others) in order to find a logical choice among available alternatives… In this article, I talk about how to make good business decisions. Here you will read about 8 major steps that help you be a better decision maker in your business.
