Advantages and Disadvantages of Project Management

Advantages of Project Management

• Responsiveness to Clients and the Environment
• Ability to make Timely Trade-off decisions
• Insures overall Project Optimality
• Better control, better customer relations, shorter development time, lower costs, higher quality and reliability, higher profit margins, sharper orientation towards results, better co-ordination, higher morale
• Bosses, customers, and other stakeholders do not like surprises. Good project management provides assurance
and reduces risk
• Project management provides the tools and environment to plan, to monitor, to track, and to manage schedules, resources, costs, and quality
• Project management provides a history or metrics base for future planning as well as good documentation
• Project members learn and grow by working in a crossfunctional team environment

Disadvantages of Project Management

• Greater organisational complexity
• More violations of company policy
• Lower personnel utilization
• More managerial conflicts