Small Business Brief


How To Improve Turnaround With These Project Management Essentials

97% of companies feel that proper project management is key to their success. In every industry, new projects arise and involve many different types of employees.

These projects help to launch new ideas and reach company milestones. They also work to improve current methods relating to existing products or services.  

Project management skills are essential for boosting productivity levels and turnaround times. They enhance work performance and help team members to stay on schedule. These skills also help you to navigate unforeseen project challenges and avoid setbacks.  

So, which tips and techniques work to better your project management skills? Read on to learn which project management essentials improve success rates. 

Ensure a Proper Planning Phase

A successful project manager always begins all new projects with a research phase. This allows them to outline all project details. Be sure to include project milestones and expected outcomes. 

37% of projects fail due to a lack of clearly defined objectives. A detailed planning phase can help to avoid this.   

It helps to divide the project into different phases so you can set goals. Determine what is needed to complete each part of the project. You also want to include the most effective ways to complete each task. 

Identify possible risks or challenges that may hold up the project. This includes any government regulations that you need to consider. Official permits or filing necessary paperwork are two examples. 

Most projects include participation from other departments and vendors. So, be sure to outline a breakdown of all tasks and who will be responsible for each one. Bringing more people into a project also adds new skillsets and talents. 

Set a Schedule and Stick with It

A proper schedule is another key element of project management. Putting a structured timeline in place helps with a project’s success. This shows when certain stages of the project should be completed to stay on track. 

The timeline should cover the planning, execution, and completion phases. Other project managing tips include prioritizing your list of tasks. 

A successful project manager also knows that timelines are subject to shift. You may need to be a bit flexible if certain aspects of the project change. Padding your timeline with slack time can make up for any project delays.  

Your timeline should account for approval periods from clients, managers, or business owners. Include extra time for any government approval processes or paperwork deadlines. 

Adopt a Proactive and Determined Attitude

Every project has obstacles. Projects often experience delivery setbacks and budget changes. They also change course along the way due to client or manager demands. 

As the project leader, your job is to push past these challenges in the most efficient way possible. Being proactive helps to anticipate obstacles that may arise while working on the project. This also allows you to have a quicker decision-making process. 

Successful project managers practice discipline to power through projects. They possess the ability to pass this attitude along to other team members. They inspire and motivate them to get things done. 

Project managers are also skilled in effective team-building exercises. This helps them to recognize and fix problems among team members. Teams that work well together have higher productivity levels.  

Use Technology and Software to Be More Effective

Technology helps to make project details sharable and easy to edit. This works to keep the team and clients well-informed of a project’s progress. It also helps organize a manager who has multiple projects going on at once. 

Omniplan, Trello, and Basecamp are great resources for project management. Google docs and DropBox are also effective in organizing project files.

These project management tools keep everyone informed on project updates or setbacks. They encourage open and flowing communication from all involved parties.  

Technology can also help you to stay better organized. You can keep digital backups of all important documentation. This includes budgets, drafts, approvals, and legal paperwork.

Another effective tip is to keep expanding your project management knowledge. Other project management essentials include seeking new training opportunities. A project management course can also teach you skills and best practices. 

Evaluate and Make Needed Changes as You Go

Studies show that 2.5% of companies are successful in completing 100% of their business projects. Better evaluation methods can help to correct this. They will also make you a more efficient project manager. 

Evaluation is an important part of completing a project. This involves analysis from the initial stages to the closure of the project. In doing this, you can measure the success of the project as a whole.  

Check to see if the project is on-time, within budget, and meeting its goals. Learn what worked and what needs to be changed for the future. See how satisfied the team, company, or customers are with the results. 

Communication is essential for a proper and unbiased evaluation. This includes listening to feedback and providing constructive criticism when needed. A good project manager values the thoughts and concerns of all those involved in a project.   

Project Management Essentials for Success

Having poor project management skills can impact the success of a business. It can have a negative effect on company budgets and turnaround times. 

All successful project managers have certain characteristics in common. These project management essentials help them to avoid setbacks and failures.

Project managers know how to properly plan and set realistic timelines. They display a positive and determined attitude while motivating others. They also use the right tools and evaluation methods to make needed changes.  

Looking for more ways to boost project turnaround times and success rates? Check out the productivity section of our blog for more business tips.