Advantages And Disadvantages Of Project Management
A project management consultant is a multidisciplinary consulting firm with great abilities and understanding in a specific area to assist an organizations improving one’s process of project management with providing solutions that are both effective and cost-efficient.
Project management has the most basic functions and is needed in almost any type of business organization;
• Coordinating work activities.
• Efficiency and effectiveness.
• Planning and developing plans.
• Leading people by giving motivation.
• Monitoring actual performance.
• Organizing tasks to be done.
• Staffing by allocating people to their expertise.
By having these functions in the business; the growth of company grew, more profitability, more productivity which results
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• Due to its very nature, a private limited company is deemed to be a separate legal entity from its owners, including the fact that the company will exist beyond the life of its members ensuring the security for employees
Disadvantages
• The setting up and running of a private limited company is decidedly more time consuming, more several legal constraints and procedures, which must be observed and these consistently involve both cost and expensive management
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It helps to coordinate activities to accomplish goals, and it’s vital in socialization, decision-making, problem-solving and change-management processes. Communication is the basis for individuals and groups to make sense of their organization, what it is and what it means. It can also help motivate, build trust and create shared identity; providing a way for individuals to express emotions and remember accomplishments.
In a business environment, communication is very important part of working. Managers must be able to communicate with employees and employees must be able to communicate with managers in order to have a lucrative business. The structure of an organization provides communication in four distinct directions: downward, upward, horizontal, and diagonal, for internal communication and grapewine, for external communication. These directions establish the framework within which communication in an organization takes place.
Upward
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