Modern Project Management

The project management's job is evolving and changing as fast as the technology is changing. Most project management books or courses teach you that as a project manager you need to have weekly or even better yet daily meetings to review the project status with your team.  This sounds reasonable until you consider the cost. It is time consuming and wasteful, it is annoying to listen to somebody else complaining or giving detail account of their tasks  for an hour or more and the result you get from these meetings is questionable. Most people forget what was said in these meetings and with globalization not all team members are in the same building let alone the same country. The use of voice or video helps but does not fix the underlying problem of too much time wasted. Just imagine in a large project which has 25 team members, every one hour meeting cost 25 man hours. This means at average salary of $75 per hour the company is spending $1875 per meeting. Multiply that by 50 and the company has spent almost $100K for status meeting.
Now I don't want to make to give the wrong assumption that the status meeting or gathering the team together for binding does not have any value, because it does and every program / project manager should try to get his  / her team together at least once a week. The difference is that in the meeting you don't need to go around the table and ask for everybody's status. Why you ask! because the status of every task and every member should be know to everybody in real time. When the right software is used, the status of the project is known to all. In the meeting, only the problems are discussed and solved.
Reference:
project management Institute
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PM Coach
Project Management Program