Project Management

A very important part of project managing is knowing what skills and tools are needed, and being able to balance them to create a functional business place. To be a project manager you need to realize that a business has many different parts that all interrelate with each other. Some of these parts include; people, strategy, management, products, competitors, suppliers, and owners.
There is a very important approach to follow if you want to recognize all of the critical aspects of balancing business factors. This approach is called the balanced scorecard approach from Kaplan and Norton. Following this approach, an organization can achieve financial and social success by first achieving success in strategy. To reach success in strategy you need to balance four main business perspectives; learning and growth perspectives, customer perspectives, internal process perspectives, and the financial perspective. An unbalanced edge to any of these four perspectives can lead to deficient progre...