I have been asked many times to justify the expense of project management & project controls. The companies that are successful are those with the leadership in place who understand that the ROI will not be realized in 6 months, 12 months, maybe not even 18 to 24. The ROI will be realized, sometimes even greater than originally thought..... over time. It takes intestinal fortitude but if your company has the foresight and patience, data and experience is clear....it will pay off!! #guts #projectmanagement #projectcontrols #roi #longgame
Projects can be costly. There is always apprehension about how much is being spent, is the estimate accurate, what risks exist that could derail the budget? Key stakeholders look for ways to gain efficiency, save money, and add margin to the budget. Often the expense associated with project management, scheduling and project controls are seen as low lying fruit, expenses that can be reduced or eliminated.."we got by without them before, why do we need them now?" According to a recent survey by Monday.com, "Only 46% of organizations make project management a cultural priority - despite statistical proof that a mature project management process makes an organization far more likely to deliver on time and under budget." #matrixpmo #projectmanagement
Sr. Project Controls Specialist/Cost Analyst
1yWell said, it rakes time to realize savings!