Can I afford MPM?
This article discusses some of the benefits of implementing modern project management (MPM) as well as some of the costs that could be incurred as a result of not implementing MPM. Completing big, complex projects within budget and on time requires a great deal of coordination as well as administrative, managerial, and leadership skills. Among some of the costs associated with projects which are not totally successful are: overtime for rework, damaged credibility, excess inventory, cash flow shortages, lost business opportunities, and claims costs. The implementation of MPM could make a critical difference in any of these areas and is likely to help improve overall project performance.