Did you know that ineffective project management accounts for 11.4% of all resources lost by businesses worldwide?
Surveys have identified that the failure rate of a project increases by a ratio of two to three for companies that do not adequately incorporate project management into their plans.
Numbers worth checking, right? However, when did all this begin, and how did management techniques evolve?
Well, while the rules, foundations and schools of management science have been practiced since the late nineteenth century and throughout the twentieth century, it is generally accepted that the 1950s really heralded the start of the project management era, as project management was only carried out informally prior to this time. During this time, two mathematical models were established to determine a project schedule, one of which relies heavily on the Gantt chart and the other on a variety of informal approaches and tools.
The first is the project evaluation and review method, developed by the US Navy and the Lockheed Corporation for the Polaris submarine missile programme. The second is the critical path method, created by DuPont and Remington Rand to manage production plant maintenance projects; these mathematical techniques quickly gained traction in many private companies.
The Project Management Institute (PMI) was founded in 1959, to advance the new profession of project management. The PMI's founding theory held that project management techniques and processes were applicable across many fields, from software development to construction.
At EAST Localize, we recognise that project management teams serve as the organisation's brain. Why not? They are the point of contact between production and the client and the front line of communication with the client.
Our project management team follows a rigorous procedure to run your projects. We use agile, RACI (Responsible, Accountable, Consulted and Informed) practices and Project Management Institute (PMI) methodologies on a project-led structure that ensures flexibility and efficiency while running projects.
Here are some qualities that we feel set the EAST Localize project management team apart:
The project manager operates on the partnership principle: the client is our partner, their interests are our interests, and their satisfaction is our primary goal.
There is no room for assuming anything; rather, our team adheres to the principle that communication is always key to reaching a mutual understanding. They therefore make every effort to ensure that information and instructions are always handed clearly and efficiently.
Every account has a team comprising a primary project manager and a back-up, both knowledgeable about the account's history, instructions and strategy.
Our team is well-trained to identify, evaluate and prioritise risks and to proactively prevent and reduce them by maximising the use of resources, tightening controls and securing back-ups.
Our project management team strictly enforces quality assurance policies using automation, artificial intelligence, and manual and direct interventions. This is not surprising given that we consider quality to be an integrated system, as you will find out in the Quality Assurance Section.
We follow the sun:
Our dedicated team adapts its operations to meet the demands of the project in accordance with its guidelines, as determined by the specifics of time, delivery, etc. From the early hours of the morning in Japan until late at night in the United States, we will be right by your side.
In close proximity to you:
Since our headquarters is in Europe, our project managers can easily travel to meet with you in person whenever they deem it necessary.