Applied to project management, this result is the outcome of temporary endeavors to develop a unique product, process or service. All businesses (whether for profit or not for profit) are, or should be, focused on results. All businesses have projects. Examples of projects in small businesses may include setting up a company website, establishing the office in a new location, or implementing a new product.
Given the competitive nature of the current business environment, it may be argued that the need to initiate the right projects and achieve the desired results is just as critical if not more critical for the small business, as it is for the large business.
Let’s take a look at some of the specific reasons small businesses may choose not to adopt project management and the common misconceptions underlying their reasoning.