Chicago, IL (PRWEB) September 2, 2005
Once only the concern of large multinationals and defense contractors, a new survey finds small- to mid-sized companies emphasizing more discipline in systems and product development work. In a survey of 382 companies with fewer than 5,000 employees, EdWel Programs -- a training and consulting firm, found 36% of surveyed companies adhere to documented procedures for managing projects. An additional 27% of the companies require project teams to follow more informal project management practices.
"With recent efforts to streamline both the supply chain and day-to-day operations complete, most mid-sized companies are recognizing that project work is the last bastion of corporate inefficiency," said Michael Welles an EdWel spokesperson. "If short-term product development or systems work represent 20-25% of a workerÂs day, it makes sense that companies would look to the project management discipline for improved worker productivity," continued Welles.
According to most specialists, project management is the practice of defining and achieving targets while optimizing the use of resources (time, capital, people, etc). In action, project management is a set of approved templates and guidelines designed to share critical information and coordinate teams across a companyÂs internal functions.
According to Welles, "savvier organizations use project management to improve company decision-making. Knowing which product to develop or system to install requires more than just a hunch in todayÂs competitive landscape. Ultimately, it (project management) comes down to making the right business decision at the right time."
About EdWel Programs
EdWel is a project management training and consulting firm specializing in information systems and product development. Since 1992, EdWel has trained over 15,000 project managers in a variety of course topics and facilitated over 6000 project planning sessions for its North American clients.
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