To understand why project management is important, we first need to define exactly what project management is. ![]() ![]() A good project manager takes control of a project from beginning to end, ensuring that the initiatives and goals are strategically aligned, the project has stakeholder support, and everyone is on the same page. Project management is more than simply tracking deadlines and setting a budget. Fifty percent.įailed projects can quickly derail your initiatives and delay or even prevent business growth. According to the Project Management Institute (PMI), organizations that undervalue project management report an average of 50% more of their projects failing outright. After all, project management can be a hefty financial investment, so why not just do it yourself?Ī good project manager is the glue that holds a project together and ensures quality and objectives are met on time and on budget. If you’ve never worked with a project manager before, it can be tempting to forego the expense in favor of managing a project yourself. Have you ever wondered “Why is project management important?”
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