Breaking Down Project Management Myths

Few people are natural-born project managers. Many of us have specialized skills that are vital in making a project happen successfully, but managing all aspects of the cost, time, goals and is a separate, specialized skill all its own. It calls for knowledgeable project managers who play this role full time.  

However, this can create a disconnect for those who aren’t immersed in project management daily, leading to the proliferation of myths about best practices and benefits of project management. These myths can be obstacles to implementing a solid project management strategy; in fact, only 23% of organizations use standardized project management processes across their entire business. Here is a breakdown of three major myths in project management – and the reality behind them.

Myth #1 – Outsourcing Project Management is Not Cost-effective

Project management is an investment, but outsourcing can save an organization money in the long run. On the surface, hiring outside support can seem like a line item that doesn’t fit into the budget. However, choosing to outsource enables you to add a temporary member(s) to your team who has specialized knowledge and a laser focus. An effective project manager can ensure that projects are done on time, on (or even under) budget, translating to savings overall.

Myth # 2 – Hard Numbers and Data Matter Most

A strong bottom line is what keeps a business successful, and one of project management’s priorities is adhering to budget. There are large amounts of detailed paperwork involved, and numbers are needed to show results and return on investment. But numbers don’t tell the entire story, and numbers don’t ultimately do the work on the project. The human element, not the numbers, will determine the success of the project, and great project managers prioritize their people. Managing and nurturing the needs of team members and understanding the need for flexibility within guidelines makes a project a success well beyond the financial aspect. Team members invested in a project who feel supported will grow and learn throughout the process, expanding an organization’s skillset and abilities.

Myth # 3 – Remote Work is a Burden to Project Management

Across all industries, employees are asking to work from home more frequently, but leaders are hesitant to allow remote work for large-scale projects. They wonder how true collaboration can happen if everyone is working in different locations with less oversight? But studies have found that remote workers are often more engaged than their peers who are in the office. Working remotely increases performance by at least 13%, according to one study. 

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