When thinking about project management as a whole, the concept can be both a faithful friend and a dreadful enemy. It can help your company grow fast when implemented correctly, or it can destroy you in a matter of a few projects. Its all a matter of how you look at things.
To get your project and company from where you are to where you want to be, you need to find the right balance of things. You need to utilize all the strengths of project management while making sure you dont push over the limits.
Project management strengths
Lets involve some logic and statistics and define the strong sides of project management. What does it take to run a successful project? The right set looks like this:
- Effective communication – an average of 75% of projects met their original goals on time and budget with the help of effective communication.
- Frequent communication – teams that practice relevant, frequent communication achieve on average 82% project success. In a contrast, 57% of teams that communicate poorly fail their projects.
- Detailed planning – Communication can really make a difference only when it leads to something relevant. With a detailed plan at hand, frequent communication makes all the more sense since you can align everything with your current plan and goals. Also, figures indicate that 39% of projects fail due to inefficient planning and lack of activities.
- Knowledge transfer – Smart project managers know that its not enough to understand project goals themselves: you need to deliver them to your team very clearly and share your knowledge on the matter. When implemented, knowledge transfer improves overall team performance twice as much (75% to 35%) as compared to keeping everyone in the dark.
- Using a methodology – Project management methodologies were created because they deliver results. It may be too hard to come up with your own unique methodology that fits your team best and until you get there, using a proven methodology can improve your overall results including meeting deadlines, quality standards and staying on budget by 10%.
- Using Project management software – 87% of high performing companies use project management software for their everyday activities. This is very important to consider since software helps skip a lot of time consuming tasks and help tackle miscommunication, paperwork, loss of valuable data, loss of the big picture and much more. Its no wonder that every 9 out of 10 companies utilize project management software – it has been designed to help you guys out.
This list could also include a few dozens of other points, but the core skill set consists of those techniques. Its important to note that all of this will work only if practiced regularly: running a project successfully is a team effort by itself and its hard to get everything lined up nicely from the first try. But if you stick to it, you will notice considerable improvements with every coming project.
Project management limits
All those strengths mentioned above are good in moderation. Too much effort can really mess up everything starting from your deadlines and ending with team attitude towards their job.
- Micromanagement – concentrating on every small detail in every task for every team member is something you want to stay far, far away from. Micromanagement is very easy to fall for. While delivering your vision and communicating frequently is important, it can easily grow into micromanagement without you even noticing. There is no need to oversee every tiny step that your team takes, you will get nothing but frustration and loss of time out if it.
- Constantly striving for perfection – No matter how hard you try, you wont be able to make everything perfect, simple because all the activities include too many factors that are out of your direct influence. Chasing perfect plans and teamwork will soak up a ton of time, which could be used effectively for problem solving, risk management, etc. You will just end up where you started (if not in a worse state) and achieve nothing but loss of time and efforts.
- Working 24/7 – This might sound misleading, but working late every day trying to speed up your results isnt going to help as much as you think. Productivity isnt going to improve if you stress yourself every day and cut your sleep and/or relaxation time. You are not a machine and you need to rest, have fun and put your mind off from work regularly. Same goes for your team. Instead of working late every night and getting stressed over stuff that isnt going to improve anytime soon, use that time to get to know your teammates outside of work and tighten bonds between everybody. This will help improve your project success and overall atmosphere much more.
It can be very tricky to find the right balance between what you do, what you need to be doing and making sure the project doesnt become a nightmare for yourself and your team. Stick to the advice you get from experienced professionals and work towards developing your own working style that fits your team best. Its a slow, but steady way to improving the number of successful projects.