The Real Reason We Need to Manage Projects.

When a company implements a new technology, they launch a project. And when they onboard new customers, or new suppliers, more projects. Every time they do a strategy refresh, here comes another wave of projects. Why? Because projects are how organizations adapt and change.

"...projects are how organizations adapt and change."

In other words, projects truly are key to the survival of virtually every company, government organization, and non-profit.

Managing projects effectively starts with an understanding of the relationship between the Triple Constraints: scope, schedule and budget. But that is only part of what it takes to manage projects well. You need to deal with surprises and uncertainty, too. In other words, you also need to manage project risks.

This short video provides an overview of the Triple Constraints, and the role of risk management. It's part of my LinkedIn Learning course on Business Acumen for Project Managers.

Projects are essential for the success and survival of your organization. Investing in managing your projects well today will help to ensure that you can execute your strategic plans in the future.

About the Author: Daniel Stanton is President of SecureMarking(TM) and Associate Professor of Operations Management at the Jack Welch Management Institute. He is also the author of Leading Projects and Business Acumen for Project Managers on LinkedIn Learning.

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