Essay on Project Management: The High Cost of Low Performance - Essay Prowess

Essay on Project Management: The High Cost of Low Performance

Essay on Project Management: The High Cost of Low Performance

High Cost of Low Performance

Introduction

Project management refers to the utilization of experiences, skills, knowledge, methods, and processes to accomplish the objectives of the project. Based on the article “The high cost of low performance” by Mark, (2014) it is evident that the success of project management is dependent on the implementation of strategy. Similarly, I noted from the article that the real status of companies was unsatisfactory because they were far from the circumstances needed situations for success. In fact, organizations were incurring over $1 billion in term of losses in their projects (Mark, 2014). It discovered that there are substantial chances for officials of project management and strategy to increase worth.

Most of the firms had not linked to their strategy thus, it is essential for project managers to introduce strategies, which helps in solving the problem. Moreover, this is dangerous in project management bec

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