Managing a startup can be very challenging wherein the leader has to take care of all the business operations. For a startup to grow and prosper, they have to make sure that everything from teams and resources to communication and goals is in order. Moreover, they also need to make smart decisions and ensure creativity in all the employees.
One of the most vital things that makes a startup move towards success is its ability to manage and execute projects. However, if leaders look after all these activities of the company, who will focus on leading and growing the business? Therefore, it is advisable to have a project manager on board who can manage all the activities related to the project.
Related : Phases of Project Management
You can gain the practical skills of a project manager by enrolling in project management courses. These courses can help you to gain comprehensive knowledge of all the aspects of PM. Until then, let’s find out why project managers are essential and how they enable new businesses to grow.
Importance of Project Managers in Startups
Startups often misconceive the role of project managers. They feel that project management is essential only for big or stable organisations. However, project management is critical even for new businesses. There are several advantages of hiring project managers, some of which include:-
- Efficient Use of Resources
A startup has a limited supply of resources like money, people, machinery, and time. A project manager is responsible for effectively managing all these assets and allocating them to different uses. Moreover, they also analyse how a change in one resource affects all other resources and which combination of assets will be the most effective for achieving goals.
- Simplify the Process
“Nothing is particularly hard if you divide it into small jobs.” Henry Ford
One essential role of project managers is to simplify the whole process of completing the project. They divide the project into different stages like planning, execution, monitoring, and completion. This helps save time and effort.
Initially, startups do not get many projects. Therefore, it becomes vital for new businesses to complete the projects within the allotted time limit as losing any project can prove to be disastrous for the company. Dividing the tasks can help in paying attention and using relevant techniques for all the stages.
You can enrol yourself in the XLRI project management certificate program to learn the skill of simplifying the project completion process. It provides hands-on exercises to help apply concepts to practical scenarios.
- Establishes Well-Organised Workflow
Usually, employees of a company are not aware of the tasks and how they have to complete them. This creates a chaotic situation resulting in delays in the completion of projects. Project managers ensure dividing projects in stages and establishing a workflow.
Workflow helps move a project through various stages before being completed. This helps avoid confusion about the order of tasks to be performed. Moreover, it is advantageous for delegating duties and keep a check on employees and the tasks that are assigned to them.
- Helps in Identifying Risks
“Expect the best, plan for the worst, and prepare to be surprised.” Denis Weitley
Risks are a part of almost all projects. However, how a manager handles those risks decides the future of the project. As there are few chances of a project going as planned, project managers should look out for all possible situations that can hinder the completion of the project.
Online courses like the XLRI project management certificate program can help you assess and identify what tasks can disrupt the flow of the project. In addition, you can learn to take the necessary actions and avoid the effect of risks on the project.
- Introduce More Flexibility
Every project is not the same and may require continuous changes. Project managers make sure that they do not stick to a single plan for all the projects of the company. Moreover, they make sure that all the team members feel comfortable adapting to the changes and welcome it as an opportunity to innovate and grow.
Flexibility also empowers everyone on the team. It makes them feel responsible for making effective decisions. Furthermore, it builds trust between the team and the manager. With more flexibility, managers also review alternate scenarios, which help build confidence for managing the project.
- Improves the Business’s Expandability
As the business grows and more people are hired, the owners have to change their techniques. In such a situation, a project manager helps establish communication channels, disciplines, clear set of rules and responsibilities.
You can acquire the skills required to thrive in this domain by enrolling in project management courses. The best part? You can learn while working as these are just 6-8 months courses priced at approximately INR 75,000 – 1,00,000.
- Communicate With The Team
Project managers regularly conduct meetings with their team members to discuss the progress, next steps, and corrective measures if any. Effective project management comes with effective communication. It helps the managers convey any changes during the course of the project. Moreover, it also boosts the employee’s confidence in their managers.
Regular meetings also help the managers to have a quick update on the status of completion of tasks assigned to the employees. In addition, during these meetings, challenges faced during the project can also be discussed and the manager can provide relevant solutions and feedbacks.
What Is The Way Forward?
The growing relevance of project management in businesses has made even startups realise the importance of having a project manager in their team. With the constantly evolving scope of PM, you need to stay acquainted with the changes. You should continually acquire and update your skills to become an effective and efficient project manager.
The XLRI project management certificate course can help you do just that. So what are you waiting for? Enrol yourself in the best project management course today and make your way to a lucrative career in this domain.
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