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Project management in a small business
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| Guest post by: Rene Truter |
Article Overview: Before you dismiss the idea of project management as something that only big companies do, think again. No matter how small your venture, implementing effect project management processes can ensure things get done quickly, on time and of the highest quality. Now who doesn't want that for their business?
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Project management in a small business
A project can be described as a task or job that must be done within a set time and budget, using certain resources (people and equipment).
Project Management is defined as "the use of knowledge, skills, tools, and techniques to plan and implement activities" to meet the needs of the stakeholder (the client or even yourself) or project criteria".
So whether you want to standardise certain internal systems in order to function more efficiently or there is a special project that needs to be carried out, using a systematic approach can help you achieve your goals without losing precious time, costing more money than is necessary or using the wrong people to do the job.
The project management process
If you put your mind to it, you can probably think of a few areas in your day-to-day operations that can be streamlined into some kind of organised system from start to finish. You may even decide to use one of these tasks to practise using the guidelines below, before a big assignment comes your way.
The most important elements of a good project management system are:
Plan to succeed: Planning your project properly, in as much detail as possible, can determine its eventual success or failure. This phase will probably take the most time, but if done well, it can save you a lot of time and headache when the job is being executed. The most important questions that need to be answered are:
- What is the end goal, i.e. the customer's expectation and the steps needed to get there?
- What time frame and budget do you have to work with and is this realistic?
- What are the risks associated with the project, worst-case and best case scenarios?
- Is there more than one way to do it and if so, how?
- Do you have enough resources - people and equipment - or do you need to buy/hire more?
Get stuck in: Once everyone knows what is expected of them, the work can begin.The person managing the project (more often than not, that's you) needs to check in with all parties regularly to make sure that everything is running smoothly, to iron out problems and communicate with the customer at various stages.
Quality assurance: Once completed, check the quality of the final product and/or service, as though you are the customer. If you're happy that everything has been done according to the job specifications, you can nowdo the hand-over goes smoothly andensure the customer is satisfied.
Look back, looking ahead: The project may be completed, but your work is not yet done. Get the team together to look at how the project was executed from the beginning. Talk about what went well, what didn't go according to plan and what can be done differently.
It's a good idea to write a project report, including all the steps mentioned. It makes a good point of reference when a similar job is required and if the client wants to query anything, you can retrace your steps to see where a problem might have crept up.
Pat on the back: Phew! So you've done the job on time, under budget and the client is thrilled. Give yourself and the team a pat on the back or even go out for lunch to celebrate your good work before the next project begins.
This may seem like a long and involved process, but it really isn't. Refine the system to suit your needs or the specific task. You'll see that as you get to grips with it, things will run more smoothly. It may help to use some of the plans and checklists in this category.
You'll see. Once you're an old hand at project management, you'll wonder how you ever ran your business without it.
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Article Tags: management, project, project management processes, small business, strategybusiness project management
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About the Author: Rene Truter RSS for Rene's articles - Visit Rene's website The SME Toolkit is a project of the Small and Medium Enterprise Department of the World Bank Group and is available in multiple languages through local partners, such as South Africa, around the world. Business Partners Ltd, leading risk financing company for small and medium enterprises (SMEs), has made the online Toolkit available for all entrepreneurs in South Africa. The Toolkit is a joint initiative between Business Partners, the International Finance Corporation (IFC) and IBM, offers easy access to information, resources and online training relevant to SMEs in a large number of industries and business sectors. The SA SME toolkit provides how-to articles, business forms, financial tools, online training and information resources developed by leading experts, and free software tailor-made for SMEs. All aspects of business set-up and management are covered, from business planning to accounting, financial management, human resources, import /export, legal and insurance matters, marketing, sales, operations and information technology. The site also offers a range of self-assessment exercises and tools, aimed at enabling entrepreneurs to take control of problem-solving in their companies, and even to proactively implement strategies to avoid potential problems. Users have lauded the SME Toolkit as a one-stop shop for almost any piece of information needed to run their business. Register on the Toolkit today to start receiving the monthly newsletter and grow your business knowledge and skills. Click here to visit Rene's website Asking yourself the right questions when selecting a business Is your business feasible Collecting debt from your clients What makes a good project manager Make sure your website is a good one |
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