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Can a project management toolkit benefit your business
- 1. Can a Project Management Toolkit Benefit
Your Business
Project management involves planning, organizing, managing, and collaborating resources to
take a project from start to a successful completion. The challenge is to achieve the goals and
objectives of the project while at the same time staying within the constraints of the project,
which include being on time and on budget. The challenge of allocating resources can be
significantly improved by utilizing project management software.
A project management toolkit can benefit your business by offering you a blueprint to successful
project completion. It’s a collection of the best project management techniques presented in a
format that’s easy to understand and follow. A project management toolkit will provide you
guidance on:
Communication and technology
Cost estimating and budgeting
Individual and team goals
Decision making processes
Negotiations process
Quality assurance
Risk assessment
Risk management
Scheduling
Time management
And more…
© 2011 SaaS Project management Inc. All rights reserved
- 2. Your project management toolkit is built on established principals and techniques with a proven
track record. Many project managers rely on the use of a project management toolkit. A great
deal of time focuses on the general processes, which covers the topic mentioned above.
Generally, a standardized format is used to make it easy to follow the information provided in
your project management toolkit.
The goal of the project management toolkit is to provide a framework that makes it easy to
understand all of the concepts. The toolkit should involve a clear methodology for the project
from start to finishing with sufficient control points.
The project management toolkit can also provide you with insight as to what other project
managers are doing to increase the production of their team. It can provide useful information on
how to increase productivity and how to reduce the costs associated with production. It’s
common for a project management toolkit to include resource management best practices.
Other processes that may be incorporated into the project management toolkit include:
Estimating Cost at Completion
Estimating Time at Completion
Risk Log Maintenance
Issue Log Maintenance
Transfer Control of the Product to the Users
Different projects have different infrastructure needs. Some projects have only a handful of
workers while others will involve dozens of workers. Some projects have a short time line while
others might cover years. The same applies to budgets, which can be small or enormous. The
project management toolkit can benefit your business because it is designed to apply to every
project management scenario.
© 2011 SaaS Project management Inc. All rights reserved
- 3. There are a number of project management toolkits available. It’s a good idea to have an idea of
what the toolkit will include. These toolkits are available for download online and the costs
associated with the toolkit vary, although many times its free.
Successful project management is vital to your business, which is driven by global competition
and demands, rapid technology growth, and a more rapid arrival to market. Your project
management toolkit is designed to help you transition through the various stages to completion
of any given number of projects.
© 2011 SaaS Project management Inc. All rights reserved