Project management is a multi-tiered process of planning, organizing, controlling risks, and managing tasks and resources in order to achieve a clear objective, within predefined time, resource and cost constraints.
Signs of poor project management include:
| Project delays | Project chaos and unexpected problems | ||
| Overrun budgets | Demoralized teams | ||
| Dissatisfied customers | Unclear progress and status reporting | ||
| Conflict |
The smooth running of any project is reliant on strong project management. Anything less erodes overall profitability in the long run.