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What value does project management add?

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Question added by Abdul Rehman Zaheer , Marketing & Projects Specialist , King Fahd University of Petroleum & Minerals
Date Posted: 2014/03/10
Wasim Khalil Mustafa Ali PMP®
by Wasim Khalil Mustafa Ali PMP® , Consultant , Malomatia

also saving cost by using best practices 

Gigin Oommen
by Gigin Oommen , Mechanical Project Engineer , SETE Energy Saudia Ltd.

Project management adds immense value to an organization / industry. The following values are notable:

1. Allows for excellent organization and tracking

2. Better control and use of resources

3. Reduces complexity of inter-related tasks

4. Allows measurement of outcome versus plans

5. Early identification of problems and quick correction

6. Streamlined communications up and down

7. Focuses on prediction and prevention, not recognition and reaction

Mohamed Basem Hemedh
by Mohamed Basem Hemedh , Siren Projects Eastern Region Manager , Nextel Millennium Telecom Manager

Project management get the maximum from the company resources to deliver its projects/goals within boundaries to maintain business & relationship with the customers

Ajikumar Gopinathan Nair
by Ajikumar Gopinathan Nair , Technical Consultant in Clean Kerala Co Ltd , Clean Keral Company Ltd

By measuring the improvement of quality of life in the society where the project is implemented.

Mohammad Tohamy Hussein Hussein
by Mohammad Tohamy Hussein Hussein , Chief Executive Officer & ERP Architect , Egyptian Software Group

Effective project management ensures success in achieving ahe approved goals.