1. Use Project Management to Streamline Your
Business
Current methodology in streamlining your business is to implement project management. In the
current fiscal climate, cost reduction is critical as budgetary restraints are undertaken. Project
management methodology can effectively streamline your business. Let us look at eight different
ways to get the most out of your project management.
1. New Projects – Invest the necessary time in the development of feasibility studies, so as
not to rush the job, and not to exceed the projected budget.
2. Examine your Projects – Using project management you can specify the amount of
resources required to complete each project. You can organize projects according to the
time necessary to commit, but also prioritizing those with the largest revenue generation.
3. Data Collection – We all know how important data collection is to business operation.
Having all your data organized using project management software. You can refer to
previous costs, time assigned, etc. The data you previously collected can be invaluable in
determining current project costs.
4. Cost Reduction Feasibility – Use project management to determine the best areas to cut
costs. It may be by finding a new supplier to reduce material costs. Many times it is in
reducing the cost of labor by more effectively assigning labor to projects. You can use
project management reports do understand the right course of action.
5. Developing the Workforce – With the use of project management you will have instant
knowledge available to you on the skills and experience of your workforce, where and
who training could benefit, and how you can motivate your workforce.
© 2011 SaaS Project management Inc. All rights reserved.

2. 6. Financial Management – You should never leave the financial management of your
project to chance. With the use of project management, you can identify when and how
you incur operating expenses, and the generating of revenue in relation to the project. Use
real time reporting to stay on track and on budget. Break down the financial management
section so as to get a better handle on the associated costs.
7. Project Structuring – Streamlining your business can be done effectively using project
management tools that will help you structure your projects so that your reduce the costs
associated with your projects, but more importantly so that you maximize the resources
associated with the project.
8. Accountability – When the facts are in front of you, accountability is much more easily
achieved. You now have real time recording and reporting so that you can see who is
pulling their weight and who isn’t. You can see at a glance whose skills are working for
your bottom line, and those who are lacking the skills to complete the tasks assigned
effectively.
Today’s economy has put additional pressure on businesses to run a tight ship so that they
can stay afloat during these tough economic times. Streamline your business to get the most
out of your material and human resources. Learn to use project management tools to improve
the viability of your business and the bottom line. When you streamline your business, you
will see your revenues increase your operating costs decrease, and you can maximize your
profits.
© 2011 SaaS Project management Inc. All rights reserved.