Did you realize that over 70 percent of the projects businesses take on each year meet the original goals set by the project manager? The only way to achieve this level of project management success is by getting your entire team to buy in to the main goal you are trying to accomplish.
Some business owners think that project management success is a mythical creature, much like a unicorn. In reality, consistent project management success can be obtained if you invest time and money into improving the technology and tools you have in place.
If you are using an outdated or inefficient tools during the progression of a project, then mistakes will be made on a consistent basis. Easily speed up project delivery times by following the tips below.
Using Data to Mitigate Risks is Vital
Before you begin a new project, there needs to be a planning phase where you discover any risks that may be present and figure out how to mitigate them. In the data-driven business landscape of today, using the latest technology to find this information is a must. This is why business owners have begun to use project Monte Carlo simulations during the planning of their projects.
In short, the Monte Carlo simulation allows you to account for any risks and use data to make decisions regarding how to avoid mistakes during the progression of a project. The project Monte Carlo simulations can also help you anticipate the cycle time of a particular project and its deliverables.
If you want to learn more about the project Monte Carlo simulation and how it can benefit your business, be sure to click here for more information.
Think About Scheduling Some Overtime
If you are only allowing employees to work on a particular project a few hours each day, increasing the speed of its delivery will be difficult. Larger scale projects will require a larger investment of time and energy to complete on time. This is why you need to think about scheduling some overtime for key members of your team.
While overtime can help you get more done and will increase the amount of money an employee can make, it needs to be scheduled sparingly. Trying to work your team too hard can backfire in spectacular fashion. An overworked employee will be at a higher risk of making mistakes. This is why you need to only schedule this overtime once every few weeks or so.
Put a Core Project Team in Place
Some business owners think that increasing the amount of manpower on a project is the key to increasing delivery speeds. While this may be true in some instances, there may be situations where having too many people working on a particular project leads to confusion and mistakes.
This is why you should focus on putting a core project team in place from the beginning. By having a few key members of your team that do nothing but work on this particular project, you can get work done faster. Before choosing members for this team, you need to do a bit of homework.
Ideally, you want to assign people to the core project team that have previous experience with the work at hand and have shown that they are trustworthy. Putting just anyone on this team is a bad idea that can come back to haunt you in the future.
Stay Involved Throughout the Progression of a Project
If you are like most business owners, you have a lot on your plate. Instead of letting a full schedule lead to you becoming detached from a particular project, you need to make a conscious effort to stay involved. By doing this, you can stay “in the know” regarding any problems that may need to be addressed.