Exploring the Broad Underlying Principals That Govern Project Management

Abstract

With projects becoming more complex and multifaceted than before, there arises a need for agile efficient project management. This chapter seeks to define project management efficiency. The chapter explores the five variables that influence project management efficiency. It also delves into the importance of project management efficiency. Finally, the chapter breaks down the challenges to project management efficiency and gives solutions to counter the challenges. The variables explained in this chapter are project scope, cost, time, resources, and quality. As evidenced here, each variable has a role in enhancing efficiency in managing projects. The benefits of efficiently managed projects examined are quality control, customer satisfaction, risk identification and evaluation, consistent communication, and on-schedule project delivery. The challenges expounded in the chapter are inadequate skillset, undefined goals, impossible deadlines, scope creep, resource deprivation, and poor communication.