When it comes to project asset management, there are certain key factors that can make or break your success. Here are 5 of the most critical:
1. Visibility and traceability
Make sure you have visibility into all of your project assets, and that you can easily trace them back to their origins.
2. Proper classification
Classifying your assets is essential for effective management. Make sure you have a system in place to properly categorize and label your assets so you can quickly find what you need, when you need it.
3. Maintenance and upkeep
The last thing you want is for your project assets to fall into disrepair. Make sure you have a plan in place for maintaining and repairing your assets as needed.
4. Security
Your project assets are likely valuable, both financially and strategically. Make sure you have adequate security measures in place to protect them from theft or damage.
5. Insurance
Insuring your project assets is a smart way to protect yourself from financial loss in the event of damage or theft. Make sure you have the right insurance coverage in place for your project assets.
However, that’s not all. There are a few things you need to keep in mind to:
Ensure project management Success
We’ve been discussing project management success in a theoretical manner. While it certainly underlines the project success criteria, it doesn’t do what should be done to achieve success along the way. Let’s discuss some of the pinpoints that will help you keep your project on the road to success:
Employ a Project Management Tool
Milestones
Communication
Dynamic project management software like Talygen provides users with all the tools to set up milestones and nurture collaboration where team members stay connected. Employing project management software can simultaneously make your project more efficient and productive, which is the core of project management success.
When you define milestones (crucial dates) in a project, it makes your project more compliant. The easiest way to set milestones is by mentioning the end of any phase that concludes if you are meeting the projected progress or not. It will help you track and boost your team’s morale when they reach or accomplish a primary objective of the project.
Communication is the life and blood of successful project management. Having a communication plan among team members and stakeholders when you start a project will help you quickly deal with any issues and delays in the future. Make sure you provide everyone connected to your project with an open communication channel. Make good use of status reports in real-time and track actual progress against intended progress.
In the End
By following these five critical success factors, you can set your project up for asset management success.However, sooner than later you are going to need a capable project management software for your thriving company.
Talygen offers an enterprise level Project Management System. Its intuitive and advanced features help you to successfully complete Projects before their assigned deadlines. Companies can easily establish and strengthen Client relationships, plan and track a Project’s progress, assign Tasks, run Campaigns, monitor Employees, and much more.
Furthermore, Talygen’s integrated suite of services allows Businesses to manage their core workflows via a cloud-based Software as a Service (SaaS) application. This allows Users to maintain a record of all their activities in their Talygen account for future reference. Our User-friendly Website, Desktop and Mobile applications enable Users to manage their Projects from anywhere.
For more information login to www.talygen.com and claim your tree trial today!