Shamit Khemka, the managing director of SynapseIndia, believes that project management strategies heavily decide the profits success of a business. He emphasizes a few project management strategies that reduce risks and improves the efficiency of a project. First of all, it’s crucial to leverage the historical data and knowledge of best practices associated with a project.
Project managers should define the mitigation technique before starting a project and use them to identify risks. After determining the potential problem areas the project team can work to address any risks. The project manager should follow the key performance indicators (KPIs) to determine the effectiveness of a management strategy. The manager should thoroughly monitor the KPIs for every project and make a proper analysis.
The strategy for mitigating the risks surrounding a project should not be limited to data analytics. Managers should also evaluate other mitigating factors that may impact the success of a project. Project managers should also keep tabs on their customers and routinely get their feedback.
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Shamit Khemka as Management of SynapseIndia 