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Management: 5 Ways to Better Manage ProjectsManaging projects presents different management challenges. How can you address those challenges? Managers most of the time are focussed on the here and now. From time to time they will be given responsibility for projects. The challenge for those given responsibility for projects is that projects generally have a high failure rate. So what can you do to better manage projects? Be clear on the purpose What’s the purpose of this project? Defining the purpose of your project should be the first thing you do. Make a point of defining the purpose of the project in a way that will allow you categorically whether or not has been achieved. So, for example, having a fully functioning accounting system covering all group companies by 31 December is a very clear purpose or outcome. Have a cut-off point Variations are one of the biggest causes of project overruns in terms of both time and cost. For major projects such as those involving building work, users need to be tasked with defining their requirements by a set point. In addition, there is an important role in educating them in the costs of failing to do this rigorously. Identify and deal with risk Everything, including projects has risk associated with it. It is important that project risks are assessed both in terms of likelihood and impact. A decision also needs to be taken on what to do with about those risks that are significant and someone needs to take the agreed action. Involve your internal auditors If you work for a larger organisation, chances are that you will have an internal audit function. Internal auditors are experts in risk and control Keep communicating People who are stakeholders and senior management will want to be kept informed about progress and achievements. Make sure that there is a clear communication strategy for the project keeps all stakeholders in the loop. Bottom line – there will always be challenges in managing projects. What action could you take today to improve your project management? Article Tags: Better Manage Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHORDuncan Brodie of Goals and Achievements helps professionals and organisations develop management and leadership capability. He invites you to sign up for his free e-course at http://www.goalsandachievements.co.uk/resources.php
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