The benefits of project management for business growth

Proper planning, monitoring and tweaking are essential to any project’s success. However, some people make the mistake of viewing their organisation’s projects as distinct endeavours unconnected to the organisation as a whole. Instead, business leaders must strive to apply project management best practices to all areas of their organisation.

The key to business growth lies in utilising effective project management strategies to streamline operations and capitalise on all appropriate opportunities. Whether you’re the head of a department, a human resources manager or a learning and development specialist, it pays (quite literally) to understand how project management techniques can be employed in promoting business growth.

Let’s take a look at how you can implement those concepts and strategies into your existing business organisation structure:

Maximising resources

Every person working on a project has their own unique needs in terms of time, tools and support. Distributing resources across a team effectively ensures that all team members can complete their piece of the puzzle on time and produce good quality work.

The same is true for businesses overall: Management must make certain that every employee has the equipment and materials, time and assistance they require for all their work, irrespective of individual projects. Your team leads must regularly check in with all staff members on an individual basis (ideally every week) to ascertain what they need, whether it’s a certain type of software or hardware, additional assistants or information.

Improving workflow and organisation

As mentioned earlier, good project management requires good planning. Project managers are responsible for determining who needs to complete what and by when. They organise said projects by establishing timelines and workflows, which keeps the project on track.

Similarly, employees working in other managerial roles must establish timeframes and standard operating procedures across the board so that the business can keep running smoothly in between projects. This can be achieved by holding frequent meetings to investigate if any obstacles appear repeatedly and implementing solutions accordingly. You should also revisit every team member’s job description to ensure that each employee is working within their scope.

Bringing teams together

There’s an old saying that goes “teamwork makes the dream work.” With the right organisation and communication, every team member understands how their work fits in with their colleagues’ deliverables to create a final product.

The same principle applies to organisations at large. Employees across separate departments must recognise how their individual work contributes to the organisation’s success as a whole. You can promote this understanding by creating a document outlining how all the business divisions are connected and making this available to all employees. This can also help workers become more invested in their work and promote better engagement.

Developing better communication

Communication is essential when working with other people. After all, no person is an island. Good project management ensures that the relevant communication channels are in place to facilitate quick and easy reporting and information sharing, as well as giving people the space to raise any concerns.

Likewise, team leads and managers must make sure that they implement appropriate communication avenues across the business as a whole, not just within individual departments or teams. To do this, verify that all employees have access to a business-wide email platform and at least one other communication program like Slack or Microsoft teams.

When you combine these elements, you stand a better chance of ultimately increasing profits and driving business growth. Check out our advanced project management course, or contact us to chat about how we can best assist your organisation.