The Benefits
Project management is often only identified as a need for use with large “physical” change initiatives such as facility expansions, equipment, system installations, etc. However, many key principles and disciplines can be effectively exploited for many smaller projects, & other process, people & change initiatives.

But what are the benefits of project management? Amongst many, it provides:

• A clear definition & understanding of objectives
• A contact point, providing accountability and focus on achieving the goal
• The proactive assessment & anticipation of risk, providing an opportunity to plan contingency
• Appropriate, temporary authority to the Project Manager by Project sponsor
• Control - objectives and scope cannot be altered without sponsor’s agreement
• Visibility of progress through effective reporting. This builds trust & confidence, allowing management to concentrate on other issues
• Alignment and understanding throughout the organisation
• Accountability and activities based on achieving an objective, not driven by job functions or historical influence
• Improved teamwork & morale due to the discreet, tangible progress & success it generates
• Increased efficiency, focus on customers and objectives, all leading to greater profitability