Question

What are some of the drivers of Project Management?

1) Compression of the Product Life Cycle
2) Knowledge Explosion
3) Triple Bottom Line (Planet, People, Profit)
4) Increased Customer Focus
5) Small Projects Represent Big Problems
6) Corporate downsizing

Answer 1

Some drivers of project management include compression of the product life cycle, knowledge explosion, triple bottom line, increased customer focus, small projects representing big problems, and corporate downsizing.

Step-by-step explanation:

There are several factors that can drive project management:

1. Compression of the Product Life Cycle: As technology advances, product life cycles are becoming shorter, requiring project managers to deliver products and services quickly to remain competitive.
2. Knowledge Explosion: The abundance of information and rapid advancements in technology require project managers to stay up-to-date with the latest knowledge and skills to effectively manage projects.
3. Triple Bottom Line (Planet, People, Profit): Project managers are increasingly focusing on sustainable practices that consider the environmental and social impacts, along with profitability.
4. Increased Customer Focus: Project managers must prioritize the needs and expectations of customers to ensure project success and customer satisfaction.
5. Small Projects Represent Big Problems: Even small projects can have complex challenges that require effective project management skills.
6. Corporate Downsizing: Organizations undergoing downsizing rely on project management to streamline operations and achieve objectives with limited resources.