As we’ve discussed in our previous blogs, succession planning is something that all companies and individuals have to deal with, and project management is a valuable resource that can aid in the process. But, are there more ways project management can help in building a successful future for your company? The simple answer is: ABSOLUTELY! Read below to learn 3 ways (of many) project management helps to secure the future success of your business.
Provides needed assessment of current gaps in staffing/services
One of the biggest benefits companies gain from working with a project management team is a clear, validated layout of the current gaps in their staffing, services and capacities. The reason project management provides this so well is that it brings a completely neutral, non-biased third-party view, something that most people internally at a company cannot provide. Knowing where you need to focus efforts for the future to continue to provide the level and types of service you currently provide is instrumental in guaranteeing you have a sustainable business outlook.
Creates a mentorship mentality amongst all staff to promote cross-generational engagement
Project management promotes an environment within a company that allows employees to build relationships with other employees they might not interact with on a daily basis. It also helps to see which employees pair well together in a mentor-mentee relationship. Mentorship is a critical aspect in securing a strong multi-generational workforce. This, in turn, is possibly the most important element a business can have to guarantee a sustainable future. Take advantage of the mentorship opportunities and encourage your employees to do the same.
Aids in employee retention
It is a no-brainer that, in order to have a sustainable business/business plan, you have to have valuable, loyal and talented employees to actually DO the work. In the work culture of today, businesses are sadly suffering from lack of employee retention. This is one of the biggest business hurdles facing companies across our nation. The good news is that project management is an effective and positive tactic in building employee retention, and thereby structuring a successful, sustainable business. This happens as project management activities engage employees in different capacities, discerning strengths and weaknesses and increasing their brand loyalty; it promotes an environment of trust and honesty and causes employees to feel valued and heard.
While there are more examples of how project management helps businesses create a sustainable and successful future, the three listed above should start help prompt your thinking about what’s needed in your company. Our word of advice: take a close look, talk to a project manager, and see what opportunities you might be missing.
Interested in learning more about about how project management can help your company succeed? Contact our team at Kim@QuantumMark.com today!