Project Management Strategies: What Every Entrepreneur Needs to Know

By September 14, 2018
Every Entrepreneur

In the life cycle of any business, there will be times where a project will need to be planned, executed and deployed. All of which will need to be done in a timely, cost-efficient manner that suits the needs of the business. Yes, the world of project management can be tough. But, it can also be very rewarding. For the new entrepreneur, the notion of implementing a new plan can be painstaking. But, there are some simple strategies that you can live by. This can ensure a successful project and see your business benefit from the implementation of your new project.

Projects come in many shapes and sizes. In 2015, there will be a surge of technological and IT-based projects. Whatever you are planning to deploy this year, the principles remain the same.

So, what are these principles, strategies, and tips? Here are some essentials:

Project Scope: Plan, Plan, Plan

Planning is something that comes naturally, or it doesn’t. But, if you don’t have a natural flair for planning, that’s okay. Now is the time to learn. Having a ‘wing it’ approach is a massive no-no in the world of project management. For your project to be a success, you need to ensure that you are planning to the letter. Look at what you want to deploy. Look at your budget. Give a realistic timeline of how the project will take to roll-out. Complete a SWOT analysis. Being aware of the dangers of the project, as well as the benefits, will stand you in good stead.

Critical Versus Non-Critical

As an entrepreneur, your eyes need to be on the prize. But, you also need to be aware of what dangers or problems that you may encounter along the way. This is known as the critical and noncritical paths. Pre-planning for problems can save you a lot of heartache during the deployment phase. What can you do to ensure that you are managing these issues, delays and financial constraints?

The Right Tools for the Job

All projects need the right tools to help project managers along the way. Project management, in the main, needs to be organized. It requires a clear path. That way, all phases of the plan can be worked into your business. Of course, there is a myriad of different tools that you can use to ensure that you have a robust means of organizing your project. Microsoft Project is a tool specially designed for the successful planning and implementation of a project. If you are not au fait with this software, you can seek out a Microsoft Project 2010 certification. Being able to know your data and what you need to do to keep your task on track is the pinnacle of good project management. Having a central document and a good piece of software are the best tools in your project arsenal.

Manage Your Project

While there is a significant amount of onus placed on the planning stages, you should never organize an entire project around a plan. You need to ensure that you are working on the project, not the plan.