Why is project management important?

Project management is essential for any project because it helps teams plan and execute their projects in the most efficient way possible. By properly managing tasks, deadlines, budgets, and resources, teams can set themselves up for success and achieve desired outcomes. Without any management, it’s guaranteed to lose productivity and ultimately waste a lot of money. Additionally, PM can help keep projects organized and on track so that teams don't lose sight of their goals which also boosts motivation. Breaking work down into smaller pieces and visualizing the flow can further reduce stress levels and improve collaboration between team members.

How do you prioritize tasks in project management?

In some cases, project managers must prioritize tasks to ensure that the most important work gets done first. There are many ways to go about it, but the most common method is to break down the project using work packages or by collecting all tasks for each project stage. From there, a structure can be created by assigning each task a level of importance based on the project’s core goals. For example, tasks can be assigned high priority (1), medium priority (2), or low priority (3) and can have specific deadlines. Risk analysis ties in with this method, as the most important tasks usually involve more risk.

What skills are needed for project management?

Project management requires a combination of both hard and soft skills. On the hard skills side, project managers must be familiar with budgeting and financial analysis, risk management, scheduling, and resource allocation. On the plus side, they should possess excellent communication and interpersonal skills to foster collaboration between team members. Additionally, problem-solving, critical thinking, and decision-making skills are all essential to successful project management.

What is the difference between a product manager and a project manager?

While they have some overlap, product managers and project managers do have different roles. Product managers are responsible for the entire life cycle of a product, from creation to post-launch. Project managers oversee specific projects, such as building new features or launching a new app. As such, their focus tends to be more short-term, and their work is closer to the production side of the product.

What is the best project management software?

There is no one-size-fits-all answer to choosing the best project management software. It all depends on your specific needs and goals. Every project management software has strengths and weaknesses, so it's crucial to research different tools before making a decision. For an overview, you can use our Best Picks, where we list the best project management software in the market based on the most critical criteria derived from intensive market research and industry experts. To receive a personalized recommendation for your unique business situation, you can also check out our Finder Tool, which guides you through a short questionnaire.

Project Management

Project Management Basics: Key Principles Every Manager Should Know

Quim P.

Updated: Oct 22, 2023

Quim P.

Project management enthusiast who loves building a good working atmosphere in organizations. Good project management means making team members and clients feel comfortable at every stage of the process. Change my mind.