Productivity is a business wide process of doing lots of things right and of continuous improvement to reduce costs and improve output. Raising productivity demands a holistic, planned and systematic approach using careful project management.
Project management is all about defining, planning, monitoring and controlling the development of a deliverable at minimum cost within a specific timeframe. Using project management has many benefits:
- Better control
- Better inter-departmental coordination
- Better relations
- Shorter lead times
- Lower costs
- Higher quality
- Greater reliability
- Higher employee morale
Unfortunately many initiatives and projects fail to achieve the deliverables and objectives that they set out to. These projects fail for a number...