Article Review Megan Preuss
The Ohio State University defined project management as the application of modern
management techniques and systems to the execution of a project from start to finish, to
achieve predetermined objectives of scope, quality, time and cost, to the equal satisfaction
of those involved.”“ Planning is an integral part of any business and it is the basis of
project management. In order to do any sort of project, the company must first plan,
discuss an objective, and lay out the important aspects of the project. Many companies
struggle with their project management, and therefore have problems with planning.
The two articles I read were found on Lexus Nexus, and both focus on the need to
strengthen project management aspects in different companies. The articles are in
agreement that “companies should enhance project management capabilities to achieve
business objectives and maximize investments.”“ They agree that with better project
management companies will be more efficient.
The first article was a synopsis of project management effect on businesses. It claims that
the “lack of project management skills often leads to failure in corporate endeavors.”“ The
article explains a company called Integrated Project Systems or IPS. IPS has project
management implementation services that are designed to help their clients in
implementing budgets and scheduling tasks. Because companies often waste time and
money when using poor project management, IPS is working to incorporate project
management into their clients establishments. When there is a lack of project management
companies spend 50% more than budget and go beyond schedule by 70%. Another issue
