Advantages And Disadvantages Of Project Management

Project management is chiefly associated with planning and managing change in an organization. Success of a project manager is to a large degree dependent on the environment which structures job tasks and impacts the individual. Projects can be various shapes and sizes, from the small and straightforward to extremely large and highly complex. Project management methods and tools can therefore be useful far more widely than people assume.
Project management techniques and project planning tools are useful for any tasks in which different outcomes are possible - where risks of problems and failures exist - and so require planning and assessing options, and organizing activities and resources to deliver a successful result. Below discussed are some of the common …show more content…
As a result, the data collection and analysis process is subjective in nature, which can result in a PERT chart that does not accurately estimate time or cost. The data may also be unreliable in that they reflect the bias of the project participants who provide input to the analysis.
• Time Focus: The PERT method is a time network analysis that determines labor, material and capital equipment requirements for individual project activities. Cost estimates are developed for each activity in the network. PERT is primarily a time-focused method. However, the charts specify the time required to complete each project activity and the activities that must be completed to meet the project completion date.
• Resource Intensive: A PERT analysis requires a detailed study of project activities and comments from many people from different organizations. In addition, PERT is a complicated method that’s performed over an extended time. The labor-intensive nature of the PERT method makes PERT charts expensive to support. (Billie