By TUSHARIKA GUPTA

Project management increases efficiency as it aims at optimum utilization of the available human resource and material resources. Many factors influence the final outcome of a project, with upfront planning and estimation two of the most crucial determinants to long term project success. By implementing project estimation one can easily understand a projects impact on resource capability and its impact financially on one’s operating budget.

Resource Capability Planning is one of the key success factors any business which delivers projects or services. With Resources Capability Planning your business has the power to analyse the impact of delivering projects and services on resources capability in real time, enabling you to better manage customer expectations, improve overall business productivity, exceed customer service level agreements and reduce costs.

Project prioritization is beneficial to any organization independent of shape, size of focus, as it enables you to prioritize project related work against each other to define a sensible, optimized order of work.

Project planning is also important as it provides a simple, easy method to help your business effectively plan the tasks, activities, roles, responsibilities and deliverables required by each project.
 
Thereby, helps in achieving desired goals with minimum cost and resources. Hence we can say that project management increases efficiency in an organisation.