Project Management: Art, Science, and its Importance in Business

This essay delves into the debate of whether project management is an art or a science, arguing that it incorporates elements of both. It highlights the 'art' aspect as requiring specific skills dependent on the situation, such as communication and resource management, while the 'science' aspect involves tools and systems for planning, scheduling, and resource allocation based on mathematical principles. The essay emphasizes the importance of project management in setting effective expectations, meeting deadlines, and fostering teamwork. It identifies its role in lowering costs, improving efficiencies, increasing stakeholder satisfaction, and maximizing competitive advantage. Furthermore, it discusses how project management methods lower risks, control spending, improve project outcomes, ensure resource capability understanding, enhance planning and cost control, improve product and service delivery, encourage team collaboration, facilitate business leadership, and optimize quality.

RUNNING HEADER: Project Management
Project Management
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RUNNING HEADER: Project Management
Is project management an art or a science?
Project management is an art when defined as systematized collection of learning and
widespread application, it is a blend of information and abilities to lead the task to progress, so it
is extremely hard to close whether it is an art or, It can anyway be a workmanship or a science as
completely relies upon the sort of business you are working in.
Project management as an art
The typical art side of task or project management aspect is that it requires explicit aptitudes to
be utilized relying upon the circumstance (Nicholas,& Steyn,2017). In the event that a venture
required the task director exertion concentrated on correspondence and manage resources in the
real segment of working time, the art would get considered.
As a Science
According to extent of project management rules there are arrangement of various tools and
systems utilized for planning, booking, resources arranging, evaluating, and a portion of these
depend on sound numerical standards and formulae (Nicholas,& Steyn,2017).
While its science includes issues identifying with "who does what and when", the specialty of art
undertaking the project management includes issues identifying with "how". In any case, it is
significant that since one realizes that artistic creation is essentially shading doesn't mean one can
make a painted perfect work of art without knowing the strategies of painting and how to mix the
hues available to one (Nicholas,& Steyn,2017). This is similar to project management, which
influences it to seem a greater amount of art than a science in light of the fact that even with the
best of expectations, and accessibility of point by plan designs and resources, undertakings can
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RUNNING HEADER: Project Management
go amiss and eventually come up short if the proper devices and methods just as accessible assets
are not connected and used in an effective way to deal with the specific project.
Importance of Project management
Project management is significant since it enables setting of effective expectations according to
correct time of delivery in a business. It enables mangers to achieve deadline, make stakeholders
and effective teamwork. It is identified as shorthand for tasks, programs and efficient portfolio
planning (Serra, & Kunc,2015).This is because businesses invest in time and financial resources
to make it give benefits of lowering incurred costs, improve efficiencies, increase both
consumers and existing stakeholders satisfaction and also maximize on competitive advantage. It
is therefore important for tremendous economic value.
Project management methods are important in a business as they ensure strategies lower risks,
control spending patterns, improve project outcomes and this ensure survival of recession and
global business economic crisis.
It ensures business to acquire better understanding of their true resource capability as one of the
key achievement factors for any business which conveys activities or services. With Asset
Capacity Arranging your business has the ability to break down the effect of conveying tasks and
administrations on asset capacity progressively, empowering you to more readily oversee client
desires, enhance by and large business efficiency, surpass client benefit level understandings and
diminish costs.
It maximizes on resource utilization and thus contributes for clear plan for reaching strategic
future goals in a business performance levels.
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RUNNING HEADER: Project Management
Enhance Planning/Cost Control thus budgeting the entire business. It also leads to improvement
of both product and service delivery. It encourages and ensures team collaboration. It facilitates
business leadership and direction to activities (Serra, & Kunc,2015)It also ensure proper
expectations are clearly set to improve business performance. It is important as it optimizes on
quality and helps business to track the progress of task and ensure immediate feedback. This
ensures that they learn from their mistakes or failures and increase their performance towards
success.
References
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RUNNING HEADER: Project Management
Nicholas, J. M., & Steyn, H. (2017). Project management for engineering, business and
technology. Routledge.
Serra, C. E. M., & Kunc, M. (2015). Benefits realisation management and its influence on
project success and on the execution of business strategies. International Journal of
Project Management, 33(1), 53-66.
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