Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header about About Home Profiles articles Tools forums inspirational quotes About facebook Twitter YouTube Blog
Share for a Cause











Project management in a small business

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?

Free Download - Some pointers when choosing a business partner By Rene Truter
Name: Email:

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:

  1. What is the end goal, i.e. the customer's expectation and the steps needed to get there?
  2. What time frame and budget do you have to work with and is this realistic?
  3. What are the risks associated with the project, worst-case and best case scenarios?
  4. Is there more than one way to do it and if so, how?
  5. Do you have enough resources - people and equipment - or do you need to buy/hire more?
The dream team: Now that you know what needs to be done, you have to assign the right people with the necessary skills to carry out the project. It may help you to draw a diagram of the tasks and who will do it. This will also help you settle on time frames for each part of the job, the costs involved and whether you have to use contractors or not.

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.

Related Articles
  Project Management Principles Applied to Online Marketing
  Is PMP certification really worth it?
  Project Management Software – How Important is it?
  PMP Certification: Building a platform for PMP professionals
  Earning what you need most: PMP certification
  Boost your Credibility with PMP Certification
  Tips on Successful Project Management
  Transform Your Career with PMP Certification
  PMP Certification: Route to success
  Project Management Software for A More Manageable Project
  Project Management for Internet Marketing: What Is A Project?
  Furnish your talent with PMP Training
  What is Effective Project Management?
  “The Importance and Awesome Power of Project Management in Today’s Business Environment”
  Take control of projects with PMP certification
  Planning success with PMP certification
  Project Success: Top Ten Tips
  Project Managers and Project Management Software
  Kicking off a project
  Kick start your career with a PMP certification

Home > Starting-A-Business > Rene Truter > Project management in a small business >
Article Tags: management, project, project management processes, small business, strategybusiness project management

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
Dashed Line

More from Rene Truter
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


Related Forum Posts
Re: What Do You Outsource Mostly? Re: What Do You Outsource Mostly? - Hello, I outsource some management fields like business management, time management etc.. I like outsourcing these fields..as I have done business management course.. Initially I don't liked it at all..but after sometime I started getting interest in it.. Now I am searching some interesting management courses... Regards, Nelson
Why a project fails? Why a project fails? - The top 10 factors that have driven failed projects are: 1. Project sponsors are often not committed to the objective. They have a lack of understanding of the project and are not actively involved in the project strategy and direction. 2. Some projects do not meet the strategic vision of the company. If business needs are not clearly defined, it will result in a project that does not add value to the bottom line or enhance business processes. 3. Projects are started for the wrong reasons. Some are initiated purely to implement new technology without regard for whether the technology is supportive of the business needs. The converse of this is a project that does not support existing technology, resulting in major scope creep and resultant expenditure. 4. Staffing is a reason for failure, eg not enough dedicated staff (project managers and project team members) allocated to projects. Project team members lack experience and do not have the required qualifications. Line-staff believe that they will be able to manage projects but are only 40% available to do so. Focus in this regard is not on the delivery of the project, but on the comfort zone of the project manager and his own time management. 5. Incomplete project scope. No clear definition of the project's benefits and the deliverables that will produce them. 6. A project plan that is non-existent, out of date, incomplete or poorly constructed and just not enough time and effort spent on project planning. 7. Project value management is not put into practice to evaluate baseline cost agreed during baseline transfer against actual costs spent at any given time. Project costs and financial do not form an integral part the project during execution. 8. Insufficient funding, and incorrect budgeting is still a major reason for projects not delivering their goals and objectives within the quality framework that was required, because projects always need to deliver yesterday within X budget. 9. No formal project management methodologies and best practices aligned to the company's specific needs are used to assist project performance. Companies do not want to invest in best of breed methodologies that will benefit the bottom line over a period, with projects delivered within budget. Companies do not recognise the value of using a methodology to support and enable them to record their own best practice project results for future reference, and to build a knowledge base within the company. 10. Not all project are going through a formal signed off process using a proper post mortem process to determine lessons learned and to build their own reference model for future use. A certificate signed off between sponsors and other third-parties will demonstrate project success but even that is quite seldom.
Re: What is Your Favorite Thing About Owning A Business? Re: What is Your Favorite Thing About Owning A Business? - I used to work at the local zoo, did you know that? I used to hand feed the animals all the time. I managed the little carnivore department. After they change the management suddenly I took care of all small animals, monkeys and birds too. I had 22 squirrels, and only one was brave enough to come to me everyday and eat from my hand. Once he ate my finger too, that was very painful. I quit my job at the zoo because of the management and illness and decided to work from home. The rest is history. Now I have a small zoo at home.
'Critical Success Factors' (CSFs) in Property Management 'Critical Success Factors' (CSFs) in Property Management - Good morning, folks .... I am once again turning to the forum for help. I have a client who owns a small number of relatively small commercial buildings. This client has a team managing his properties. He would like take on more business, i.e. manage more properties beyond those of his own. My question is: In considering such a propostion, what are the CSFs of which he must be aware? I intend to use these as the basis of an interview template to assist to expose hidden property management market needs or as a minimum, unfulfilled needs, in the small commercial property market. You help, as always, will be much appreciated. Best regards, Terry
Re: Hello, I'm a newbie too Re: Hello, I'm a newbie too - [quote="anitarose":2giyv6ah]Well, I'm 47, had my own business for 10 years, and it flopped immensely. I would like to be sure that I can start another business and have it succeed. I guess I want reassurance that it can happen again. I was recently reading Ray Kroc's autobiography. I am currently working at McDonalds and am looking to go into management. However, I would be interested in finding a business to go into along with the management position. Thanks for pointing me in a different direction. Anita[/quote:2giyv6ah] Hi Anita, I also wanted to add that you might want to consider starting a franchise as your next business venture. While a franchise isn't a guaranteed success, you'll be buying into a proven business plan and will be able to use your management skills and experience of working in a system to your advantage.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.



Featured Article

Bottom Footer



Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

Ten Ways to Make Blogging Work for Your Business

The Biggest Domain Name Myth

9 tips to increase ROI in PPC Campaigns

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.