Introduction
When it comes to business processes, both nonhuman resources and employees are equally significant. That is why companies draw specific attention to dealing with these kinds of resources, and project management is a suitable option here. According to Jacobs and Chase (2014), this term stands for planning, directing, and controlling people and equipment to reach the project goals. Thus, the principal task of this paper is to present the importance of project management and explain how it contributes to the implementation of supply chain strategies.
Main text
Project management is significant in any field because it results in a few advantages that will be described further. Firstly, this phenomenon makes it easier to plan teamwork, which leads to a more effective performance (Jacobs & Chase, 2014). Secondly, Rongala (2019) states that project management can control costs, increase quality, consolidate working teams, and others. As a result, project management is a useful way for businesses to monitor and improve their performance.
In addition to that, it is rational to comment on how the supply chain can benefit from project management. Firstly, the latter allows a company to manage time to avoid delays and be ready to meet customer demand (Sharma, 2019). Secondly, Sharma (2019) mentions that project management contributes to a higher quality of supply chain processes. Finally, this phenomenon results in better sourcing and risk management, which is necessary to eliminate production inefficiencies.
Conclusion
In conclusion, project management is an essential phenomenon in the modern world of business because it leads to a few benefits, including enhanced planning, increased quality, better teamwork, and others. Furthermore, it makes a difference when applied to supply chain strategies. Thus, this information stipulates that numerous companies should invest their efforts to apply project management to their operations if they want to achieve better outcomes.
References
Jacobs, F. R., & Chase, R. (2014). Operations and supply chain management (14th ed.). McGraw-Hill Education.
Rongala, A. (2019). The importance of project management. Invensis. Web.
Sharma, A. (2019). How are the complexities of supply-chain managed by project management? Project Management. Web.