Why is Project Tracking Important in Entrepreneurship?
In the context of entrepreneurship, project tracking is crucial for several reasons:
Resource Management: Efficiently managing resources like time, money, and manpower can make or break a project. Risk Mitigation: By identifying potential issues early, project tracking helps in mitigating risks. Accountability: It ensures that team members are accountable for their tasks, fostering a sense of responsibility. Performance Measurement: Tracking allows entrepreneurs to measure performance against set objectives, helping in decision-making and strategic planning.