Planning identifies and reduces potential risks SEE: How to keep your staff motivated and engaged (free PDF) (TechRepublic) What does careful planning help to achieve? ![]() Not understanding how planning affects the successful execution of projects may be one of the biggest reasons planning is ignored. This need to skip over the most critical project management phase will likely result in regret and rework, at the very least. This can play a significant role in why project managers gloss over the planning phase and jump right into execution. The pressure to complete a project in a specified amount of time may have caused them to either skip or rush through the planning phase. Many project managers have encountered situations where they were saddled with unrealistic expectations. So why do project managers rush this step? Here are three reasons: After all, how can you manage a project without determining how and when you are going to manage it? Yes, planning takes time and effort, and is in no way exciting (for most of us), but it is necessary for success. The old adage “failure to plan is planning to fail” certainly holds true when managing projects. During this phase, you create smaller goals within the larger project, making sure each is achievable within the time frame. Project planning requires breaking down a larger project into tasks, assembling a project team, and determining a schedule over which the work is to be completed. ![]() TechRepublic Premium editorial calendar: IT policies, checklists, toolkits and research for download Microsoft’s Work Trend Index: Employee engagement pays off in productivity, stock priceġ0 Best Applicant Tracking Systems for 2023 Gartner: ChatGPT interest boosts generative AI investments The Project Management Institute estimates that as of 2017, organizations were wasting an average of $97 million for every $1 billion invested, due to poor project performance. Without careful planning, project performance is almost certainly guaranteed to suffer. Planning is needed to identify desired goals, reduce risks, avoid missed deadlines, and ultimately deliver the agreed product, service or result.
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