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Projects are ultimately about making an organisation stronger and better, and that means it's important to make sure you're choosing the right projects, allocating the right resources, tracking progress along the way, and taking an unflinching look at actual results. You might be planning projects that your resources cannot accommodate, or spending too much money through labour hours to bring in the right profit. You might be putting valuable resources on a project that is not that important to the organisation while neglecting a project that is crucial. You just don't know unless you have a bird's eye view of everything.
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