The Power of Project Management

Business Sense & Sensibility

The Power of Project Management

Understanding what business consulting is and knowing the benefits it offers your organization helps you better understand process and product management. For the success of any operation, employing a business consultant is wise. General consulting assists with direction, critical decision-making, and strategizing to enhance the overall progress of an establishment. A business consultant is an asset that helps a company or corporation earn success by providing professional insights, resources, and skills that serve the organization's objective. A consultant's skills and industry knowledge are valuable when a business owner or team looks to reap rewarding outcomes.

There are numerous ways a business consultant helps steer the success of your company. Skilled project management is one. With proper project management, businesses benefit from practical tools and techniques to help deliver a company’s desired value to their customer or client. Whether directly leading the work of your team to achieve an overall objective or suggesting and overseeing the progress of a selected project manager, a great business consultant guides this process from concept to fruition.

Project Conception Before an organization pursues a collective idea or course of action, it should first appoint a project manager as the direct point of contact. The project manager reviews the proposition and is solely responsible for considering its benefits, complications, costs, and achievement rate. A project manager will assess the proposal assuring alignment with the organization’s goals, budget, and timeline. As sole leaders in charge of project operations for any size business or corporation, project managers decide the likelihood of project plans succeeding. Their task is to determine if you should go through with the project by evaluating various factors influencing development, progress, and outcomes.

Project Planning All project types require a solid plan. Regardless of the size of the business, organization, or project, a project manager will cover the necessary steps to plan and conduct the project, from establishment expectations to required resources, materials, contributors, funding,

and deadlines. Strategic organization of the project’s components is necessary before execution. A skilled project manager will effectively guide the plan to successful completion.

Project Execution The project manager oversees the execution of the welllaid plan, taking command of the project’s operations from data analysis, documentation recording, scheduled team meetings, and member supervising to directing the workflow and managing connections with all involved, including investors and clients. The project manager will control the ins and outs of the operation, from problem-solving and people management to communication and collaboration. At every step, from every angle, the project manager is accountable for all project requirements and roles necessary for its completion. All projects, large or small, require a project manager’s proficiency for efficient execution and finalization.

Project Results With the assistance of a project manager, an organization in any industry or niche will benefit from employing a professional to manage and run its project. Whether through in-house services or outsourcing, business consultants offer a worry-free approach to operational oversight, including project management of all conceptualizing, planning, executing, and effectively completing a project. A project manager is an essential element and plays a vital role in confirming requirements are met, expectations are fulfilled, and results are both positive and worthwhile. Assigning an expert project manager to a project is a practical strategy for any team that wants to assure success.

Content courtesy of Beech Hill Consulting Global IT, a professional business consulting services firm specializing in exceptional and creative care to help businesses prosper. www.beechhillconsulting.com.

THE LIST

CHERYL'S FAVORITE RESOURCES

Knowing you’re not alone in your business and that helpful resources to take your business to the next level surround you can be a relief. Here are a few of my favorites, from networking to funding.

Goldman Sachs 10k Small Business Program www.goldmansachs.com/citizenship/10000-smallbusinesses/US/#

If you apply, use Cheryl P Williamson LLC as a referral.

Women’s Business Enterprise National Council www.wbenc.org/certification/

WBENC is also an approved third-party certifier for the SBA’s Women-Owned Small Business (WOSB) Federal Contracting Program.

Lift Fund www.liftfund.com/

Assistance with loans, tools and resources to help entrepreneurs grow their business

Small Business Administration www.sba.gov

The SBA has worked to ignite change and spark action so small businesses can confidently start, grow, expand, or recover.

Walker's Legacy is a growing global women in business collective founded to establish networks of empowerment and access for women of color in business.

Minority Business Development Agency www.mbda.gov/who-we-are/overview

The U.S. Department of Commerce, Minority Business Development Agency (MBDA) is the only federal agency solely dedicated to the growth and global competitiveness of minority business enterprises.

Dallas Entrepreneurs Center thedec.co

The DEC Network is a 501c3 non-profit organization driving innovation and economic impact by helping entrepreneurs start, build and grow their businesses.

Black Alzheimer’s Brain Study blackalzbrainstudy.com/

Our mission is to create solutions for a healthier community.

DFW Airport Capacity Building Program Series www.dfwairport.com/business/opportunities/bdd/capacitybuilding/

As part of our commitment to serve as a catalyst for the growth of small, minority and women-owned businesses, DFW is excited to once again offer the Capacity Building Program series designed to provide business skills training and guidance on doing business with DFW.