The role of Project Management to an Organization Essay

The role of Project Management to an Organization - Essay Example The project management cycle undergoes a five-step approach; they are initiation, planning, execution, monitoring/control and closure. Initiation is a process involving the giving of an overview of how the project looks like, and the strategy implemented in the organizations plan. This is done to achieve the desired results and in addition, it is where a project manager is appointed to guide the rest of project members due to his or her experience and skills. Planning is the second step, which includes risk assessment alongside defining the system used in order complete the plan. Execution and control are the third and fourth step respectively, which involves planning a solution used for the implementation of solving problems noted in the requirements of a project. Closure, which is the fifth and last step, involves a manager ensuring the little things in a project receive a proper conclusion, when the formal project review is written.The benefits attained from a good project managem ent includes, a delivery service that is better and efficient since, it provides a â€Å"roadmap† that can be easily followed for the purposes of project completion. The other benefit is, customer satisfaction is improved, increased and enhanced such that, when a project is completed in good time a customer can be happy and recommend you for more work. The third benefit is that, service delivery is made effective and enhanced. The improvement of growth and development of a team is another benefit. since, when a project yields positive results, a team commands much respect and inspires the team to work harder. A greater competitive and standing edge is another benefit when a good project is implemented. The other benefits will include better flexibility, increase in quality and quantity and increased risk assessment. As mentioned earlier, planning is the second phase for any project management cycle to be successful. It includes a breakdown and assignment that should be detailed of the task in your project from the time it commences to the time it ends. It involves taking risks of the assessment and being able to define the steps needed for the successful of a task completion. Research is an important factor in planning because it gives a chance of choosing