Here’s the quick guide to losing money with bad project management. This will be an actionable guide to absolutely know you’re losing money when delivering a project. You’re probably already doing these, and if so, great, you can add some tweaks mentioned here and lose even more time/money.
Here’s a sample project. Let’s say we’re implementing a CRM system. Here’s the basic project guidelines that will identify how quickly money will be wasted.
Now let’s do a sample project guideline of a service delivery type project. How about a management company that delivers corporate events. This is a project that looks the same over and over (just different clients, creative items, or add-ons). In order to execute an event come event day, and all the tasks that are needed in terms of prep, can be created. It’s best to have an obscure Microsoft Word/Excel file that acts as an event checklist.
I know, I know… there might be a hint of sarcasm in here. Fact is, many companies make a lot of the mistakes above. They’re glaringly simple to see and ineffective, yet that’s not stopping anyone. So let’s back this train up and go over what the project should look like. Streamlining projects and having the correct assets and resources in place to deliver a project is key to a successful project.
Let’s look at the same projects again and see what they SHOULD look like.
All projects aren’t created equal, so even your projects are going to require their own special phases or tasks. The key here is ask yourself, are your employees managing projects and time effectively, or are they just throwing ideas against a wall and seeing what sticks.