Article · Project Management
Why a Company Should Value Project Management Skills
Today’s competitive business environment is pushing organizations to think strategically — and to use projects as the vehicle for the changes that get them where they want to go. Project management skills are what turn those strategic intentions into real outcomes. Experienced project managers use scarce people resources productively, keep project costs in check, and ensure project outcomes align with the business requirements that were approved at the outset.
There are many reasons your organization should value project management skills. Here are four of them.
- Getting work done across business silos Organizations are optimized for ongoing operations, but projects require people to work across silos on unfamiliar tasks to create something new. Skilled project managers know how to engage a matrixed team and move it through the acclimation stages to become motivated and productive. They also bring stakeholder management to bear, ensuring that the various and sometimes competing expectations around a project are surfaced, satisfied, or managed.
- Setting boundaries for the amount of work Identifying everything a project entails is called scoping. Project managers use tools like the work breakdown structure and context diagram to help stakeholders see the scope clearly. They also know that unchecked scope creep can quietly derail a project, so they implement change control to quantify how new requests or shifting requirements will affect the schedule and budget. And they apply the concept of minimum viable product to help stakeholders distinguish what’s critical now from what can be phased in later.
- Sharing the information Good project managers are excellent communicators. They use a range of techniques to ensure information is shared in the right ways and at the right times — stakeholders stay informed, and team members get what they need to execute. That means strong written and verbal communication, active listening, meeting facilitation, and formal presentation skills. Above all, it means analyzing stakeholders to understand what kind of communication matters most to each one, and then flexing to provide it.
- Starting with the end in mind Projects that don’t end don’t just delay the realization of profit — they also block other projects from starting. Project managers use techniques like the critical path to identify which task dependencies could most damage the schedule, and the backward pass to ensure the project includes only those activities needed to finish on time. Planning for project close is equally important: capturing lessons learned, transitioning team members off, archiving assets, and helping the organization operationalize what the project produced.
Some of these skills can be picked up through on-the-job experience. Most require formal project management training to build the foundation that experience can then deepen.
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