Managing a startup can be a rather intimidating endeavor, especially for those who might not have the necessary experience to successfully navigate a company through a competitive industry. The fact that most startups are helmed by inexperienced entrepreneurs can be a blessing in disguise, as it means that startup owners have ample opportunities to separate themselves from the crowd.
That said, it is not just other startups that you have to compete against — there are also much larger businesses that have stood the test of time that will be actively competing with your startup. In such cases, getting things right the first time is crucial, especially in project management. For the first few projects to go as smoothly as possible, dependency management is an essential tool for new companies to succeed.
What are dependencies?
With the very first task being somewhat of an exception, all future projects any startup will undertake will be related to the projects that came before. It can be especially crucial for a contracting business, where there will likely be more than a hundred tasks in any given construction project — with each task being dependent on the other.
Why the need for dependency management?
The idea of utilizing dependency management comes from the mess startup owners can find themselves in if they do not take such things seriously. For example, in a construction project, a single hangup in a seemingly harmless task has the capacity to stop several other tasks in their tracks. Instead of being able to move seamlessly from one task to the next, suddenly you have to allocate other staff members to deal with the affected factors, which means they cannot focus on their task — resulting in a vicious cycle where an entire project can slow down significantly.
How do I stop that from happening?
Utilizing business software to its fullest
Dependency management software is part of the business software umbrella, but it can be rather challenging to find for inexperienced company owners. It is the reason why it is best to err on the side of caution and ensure that all projects are well-researched, especially when it comes to management and business software.
While there are plenty of different factors that go into startup success, the idea of utilizing projects to the fullest with the right software can go a very long way. It allows a startup to focus on the task at hand instead of always playing catch up with tasks that never seem to finish on time.