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Project Management is an essential skill for consultants and economic development. Project management techniques are important because economic development projects normally have less clear objectives and constraints than normal projects. In a normal commercial project, the specifications are fixed, and so probably is the deadline - the objective of project management is therefore to meet the specifications within the time at the lowest cost. In economic development, it is not so simple. Typically the budget is fixed (at least it cannot be increased under any circumstances), the timing is flexible, and the specifications are not well set. The objective of project management is therefore to get as much as possible out of the resources (money) in the time allowed by shifting the specifications. This calls for much clearer setting and quantification of objectives. |
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