Benefits
How better project management benefits your business
Businesses are increasingly project focussed, and are implementing more and more business change via projects. However, it is estimated that only a third of organisations consistently deliver their projects to cost, schedule or stated deliverables. Such inefficiency is a material loss, both in terms of lost opportunity and cash wastage, but also in terms of reputation. It doesn’t have to be this way. Tools, processes and methodologies for delivering better projects exist and deploying them has been shown to improve project success, sometimes dramatically. Cephas Project Management has many years’ experience in delivering projects and helping people to do projects better. Here’s why you should consider improving the performance of your projects, programmes and portfolios.
All projects seek to deliver benefit, whether an increase in profit, an improved facility, a movement into a new market or delivery of a product to a client. But how many projects fall short of the benefits that were promised? Indeed, how many project actually articulate the benefits that they seek to realise? Project management consultancy can help you to define what you would like to realise from your project and then introduce methods, tools and techniques to maximise your chances of achieving them.
All projects seek to deliver benefit, whether an increase in profit, an improved facility, a movement into a new market or delivery of a product to a client. But how many projects fall short of the benefits that were promised? Indeed, how many project actually articulate the benefits that they seek to realise? Project management consultancy can help you to define what you would like to realise from your project and then introduce methods, tools and techniques to maximise your chances of achieving them.
Reduce RiskAny initiative involves risk and projects are no exception. We only have to think of the UK Government’s e-borders project or the opening of Heathrow’s Terminal 5 to realise that projects can turn into difficult undertakings. In most cases, risk can be managed so that the impact on the project (and therefore the business) is minimised. Projects that are executed without heed to the risk that they import are likely to turn into train wrecks. Project management consultancy can help you to identify and then manage your risks, and indeed to identify and realise opportunities (which are the flipside of risk).
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Increase RoIAllied to the goal of realising business benefit is the desire to see the planned return on investment, or indeed improve upon it. Projects that are managed according to best practice and a defined methodology have the best chance of achieving this.
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Reduce CostProjects that are poorly controlled almost inevitably underperform in terms of cost. Projects often involve some cost control measures, but these can be poorly implemented or wrongly applied. Additionally, inefficiencies and risk are the enemies of good cost performance. All of this can be mitigated by introducing good cost controls and ensuring that they are implemented. Project management consultancy can review your controls structure and determine where improvements can be made, can introduce robust controls and can also support your project as it proceeds to ensure that these are being effective.
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