Project Management AppAs a project manager, you know very well that often things do not go as they are planned.
Before moving to the procedure of project controls, let’s have a glimpse of quick facts on the importance of project management app.
For every $1 billion invested in the US, $122 million was wasted simply because of a lack of project performance2.
Low-performing companies can complete only 36% of their projects, whereas high-performing companies complete 89% of projectsThese stats are sufficient to show the importance of project management and control in your organization.
Let’s understand the concept of project controls before understanding its procedure.
Introduction and Importance of Project ControlsPMI (Project Management Institute)Â has mentioned that a project control system is aimed at minimizing the gap between planning and execution of the project to achieve project goals, i.e.
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