Optimization involves taking a process to the lower and upper limits of its capacity, while taking into account its par operational values and process restrictions. Among other feasible solutions, reaching the minimum or maximum limit is - without doubt - the “best” solution. However, this solution must adjust actions, tasks, inputs and outputs in order to deliver the best product at the lowest cost and in the shortest possible time.
Proper project management aims to maximize results and expedite the generation of information for decision-making, thus ensuring that the expected results come about. This is why the leading, planning, implementation and monitoring of projects using adequate and modern internationally-recognized guidelines, such as those of the Project Management Institute (PMI®) and ISO Standard 9001:2015, is necessary to ensure successful project management.
