Why Project Planning and Management is Important

You might have listened to a question that why project management is important? This is a normal question that anyone can ask you. If you don’t know its proper answer then read this complete article till the end.

According to a general estimate, a large number of projects fail every time due to improper planning. The backbone of any success is based on hard work and proper planning. That’s why most of the successful entrepreneurs always spend more time on planning things instead of direct execution.

Some people also claim that a planned person with normal skills can beat an intelligent one without a plan. So, for all the entrepreneurs it is regarded as the most important phase that cannot be ignored irrespective of any circumstances. The companies that have some strategic goals and proper processes, always hire a project manager for their critical and important tasks. Project managers are supposed to make a proper work breakdown structure and assign the tasks to the best possible resources.

Importance of Management and Planning in any Task

• Risk Mitigation and Management

Risk mitigation is one of the most important parts of any project. Before starting any milestone the risk factors are considered very wisely. You can say that risk management is important and critical for the success of any milestone.

Project managers are supposed to study all the details of the project thoroughly. After the analysis, the risks are identified and mitigation strategies are made. I recommend that you should never ignore the factors related to natural risk.

• Realistic Targets and Milestones

In the process of project planning, a work break down structure is defined. The tasks are assigned to the related resources. Also, realistic targets and milestones are defined. Both major and minor milestones are defined in front of the whole team. Milestones act as markers and can guide you in your complete journey. They are also known as they reflect the major events in the project.

• Learning from the failures

 Failure is not always a factor that is considered for a complete project. It can also mean that a targeted milestone is not achieved. In the case of good project planning, you can easily identify the failures and successes.

Should You Attend any PMP training?

 Now our last question is that “should you attend any kind of PMP Training”. Well, its answer is yes. Every project manager and handler should attend PMP Training. Professional people also like to take PMP Certification that is offered by the PMI institute. This educational institute is based in the United States that certifies people as Project Management Professionals.

There are very few institutes that are educating people about the proper planning of projects. Also, very few institutes are offering any similar pieces of training about that. Here I want to mention a most renowned institute named ITHeight that is offering professional PMP training in Lahore for several years.