Importance Of Project Management

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Executive Summery Project management becomes a necessary support that played crucial and important role in business operations and for that reason it must be managed optimally. Overall, this report is discussing a project prioritization software as one of contemporary tool that used by institutions for developing and improving work performance, winning the leadership in work fields and achieving customer satisfaction. Beside that; it gives them the chance to take advantage of employees’ capabilities by empowering their creativities and innovations in project management. The main objective of project prioritization software tool is to ensure that the alignment between ongoing projects and the business itself is managed effectively and within…show more content…
In the UAE, there is a slight absence in using project management tools by the government and large project holders and that was noticed after the economic crisis. Lots of project stopped since that time especially the construction projects and some has been supported by the government to return to the market again. After the economic crisis they recognize the importance of PMO and they started employing project management tools to facilitate the overall work before initiating any project. Project prioritization software tools are not a frequent tools used by project managers and because of that a lot of project has been initiated without a reference matrix of its importance and how it is meeting the business goals and client’s needs. There are some challenges of using such tool which might lead to indirect consequences such as prioritizing the wrong decisions and providing unclear analysis for risk and exact project…show more content…
That relates to the terms of achieving project’s objectives in the approved budget and scheduled timeline. Some researchers have argued that this failure might be due to the growing list of new pending projects at the same time in large organizations. In consequence, that leads to further complicate in the management of these projects as they compete together within the organization and at the same time consuming its resources. Contemporary Project Prioritization Software Tools has been regarded as one of the most important support tools for multiple projects. That tools help in achieving project’s objectives using project management methods through prioritizing the projects according to different element like project outcomes and resources availability, etc. As well as it provides support to project managers to handle complex projects with low risk management
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