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Pitfalls Of Not Working With Project Management Software

PriceWaterCooper found that the use of project management software increases business performance and client satisfaction. In spite of that 44% of project managers do not use software.

That’s astounding – and frankly – quite disappointing! Even today, companies do not realize the importance of implementing effective project management software. With the changes in the industry, it is easy for the managers to lose track of the projects, costing companies thousands of dollars.

In addition to the financial aspect, here are some major drawbacks of not implementing a project management software:

Projects and Business Objectives are Misaligned

The main purpose of a project is to meet business objectives. Companies accept and work on projects that are in line with its objectives and will help the company achieve its goals. Without a project management program in place, it’ll be difficult for the business to align projects with its objectives.

Business objectives might change with time, thus without the software, it’ll almost be impossible for the company keep a track on the projects.

Delayed Projects

Late projects wreck havoc. They delay the time at which the company can start reaping business benefits, ruin the payback period calculation and disrupt long term return on investment. Thus, as a result, there will be problematic execution, where resources, time and opportunities will be wasted.

Without project management software, companies will be unable to keep a check on the timely completion of projects.

Overlapping and Redundant Projects

Overlapping projects are the major reason inefficiencies exist in organizations. Budgets, time and resources are wasted due to redundant projects. Without a software, it will be challenging for project managers to identify duplicated projects.

As a result, costs will increase, schedules will be prolonged and resources will be diverted.

Unrealized Business Value

Every project generates deliverables that the company utilizes to derive business value. When these deliverables arrive late or are incomplete, the business loses opportunities to earn revenues and acquire customers. This is exactly what happens when the company works without any project management tools. Projects do not create any business value for the company; thus it does not benefit from completing a project on time.

Get rid of those spreadsheets and manage your project efficiently with a simple project management software, Copper Project! Our software is designed in a manner to simplify complex tasks, help delegate tasks, collaborate and share information without any hassle!