Advantages of Project Management
1. The most important advantage is the way that a specific undertaking is dealt with by an isolated project manager as the individual in question will focus just on that specific venture that makes it bound to make progress.
2. One more ace of undertaking the project manager is it helps the organization in accomplishing effectiveness with regards to capital, work, and other functions related costs as it keeps a nearby watch on every one of the exercises of the task which thusly helps the administration in distinguishing the regions which are income releasing and helps the organization in saving part of the capital.
3. It helps the organization in creating administrative characteristics in skilled individuals by doling out the first little ventures and afterward huge activities which thusly make a positive environment in the organization where individuals realize that there is more than an adequate degree for development.
4. The project manager and the board make a framework by which the work process is estimated and represented, guaranteeing that assets are utilized wisely in satisfying the objectives of the undertaking. This sort of arranging lays out assumptions for staff members, gives clear orders, and works in methods for rapidly tending to startling results.
5. Overseeing projects beginning to end can assist with controlling venture expenses and assist a task project manager with holding command over his spending plan, distinguishing issues or issues before they transform into detours. This can likewise assist a business with guaranteeing on-time conveyance, holding fulfilled clients, and task a picture of ability and incredible skill.
5. Compelling project managers make conclusions about fitting staffing and group development in the beginning phases of task arranging. This can assist with guaranteeing the ideal individuals with the most fitting ranges of abilities are relegated to undertakings inside the task, permitting the organization to utilize its HR wisely and really.
Disadvantages of Project Management
1. The greatest impediment of venture the project management is that occasionally it prompts covering of power and obligation between the top administration and undertaking the board where they have various plans at the top of the priority list which leads to disarray among the colleagues of the task and further undertaking languishing.
One more con of venture the project management is that it could be conceivable that there is no capable staff to convey the obligation of the undertaking supervisor and on the off chance that administration chooses awkward staff, the task will be a disappointment prompting misfortunes for the organization.
2. One more restriction of venture the project management is that guess the organization is chipping away at 10 undertakings at the same time then it will require 10 task administrators to deal with those projects which are impractically assuming the organization is little and eventually all activities are taken care of by either a solitary venture director or top administration itself and consequently restricting the utilization of task the board.
3. Fixation. Procedure fixation: Instead of just "finishing the task", some Project Managers become so shut and thus defensive of their own philosophy that they will not try different things with another that may be quicker and better for their present undertaking.
4. Process fixation: Quite a couple of Project Managers ruin the advancement of the venture with their fixation on adhering to the cycle in view of Insecurity and Fear of loss of control. Partner fixation: Instead of dealing with the partners' assumptions, solicitations, and obstruction, and zeroing in on getting their help, these Project Managers make an honest effort to oblige the partners which is exorbitant and unnecessary.
5. Dreary Creativity. Severe undertaking the board can deter fresh reasoning and hamper imaginative endeavors. Project groups that experience aggregate inventive square can slow advance, utilize cost overages, and for the most part take an undertaking off course. Intercession and inventiveness-producing approaches, such as meetings to generate new ideas, might be important to pull together the gathering.
