Why Is Project Managment Important

In: Business and Management

Submitted By ogaitnas2010
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Why Is Project Management Important

Why Is Project Management Important
Nelson Santiago
PM3110

Abstract
What’s project management first of all? According to the PMBoK guide it reads as follows, “a project is defined as “a temporary endeavor undertaken to create a unique product or service.” Think About how amny times we have done project management in our everyday lives. Even if I didn’t take this class I would still be using some of the key principles of project management as defined in our book even though I might not know exactly what they are called the process is still the same.

Why is Project Management Important
Project management is a very important part of business epically in the information technology field where technology is always changing. If you really think about how businesses use project management its mainly used to try to gain a competitive edge on their competitors, to draw customers to their products or services. You may not realize it but you use project management in everyday life such as writing a paper, taking this course and even trying to graduate. It can be as simple as doing homework or as complex as building a new football stadium where millions of dollars are on the line.
. Why is it important to have project management? I think it can be describes in one word structure. Without structure it would make things very difficult to accomplish anything worth doing. It would make things very chaotic and disorganized without it. Structure helps accomplish the task at hand without you getting side tracked.
One of the biggest failures in project management in the information technology field was IBMs stretch computer. IBM had one a bid with the Los Alamos National Laboratory to create a computer that was 30 to 40 times faster than what was on hand at the facility. Why did it fail because they had to sell it for 7.8 million…...

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