At the organizational level, achieving goals and objectives for profit maximization has been a common approach. We very often discuss issues like inefficiency in planning or lack of proper personnel management, which result in major setbacks for an organization. This paper seeks to find solutions to such issues. In this regard, the paper proposes a new concept called ‘Impact Index’. It further, elaborates on the concept of impact index and discusses the factors that positively or negatively affect it. The paper puts forth this theory aimed at effective results, be it at an organizational level or individual level, with an effort to elaborate as to why organizations need to start implementing this theory and the vast benefits it gives. The paper also discusses how an organization can assign work and recruit new talent using the impact index.

Project management involves coordinating various aspects of a project in order to bring forth a positive result. This coordination can include elements such as personnel, materials produced and facilities. Some of the aspects of the project management that are particularly challenging are quality, cost and schedule. There are many other factors as well which project managers do not have a control over. Sometimes, these external factors can have as much impact on project management as the factors that the project can control.

The first aspect of project management that can be problematic is the area of quality (Joseph et al., 2007). Now concerns on quality can be divided broadly into two types, i.e., quality of the output and the work quality. Highest grade of quality in both is required as each one has a major impact on the project.

The second area to be concentrated on is the cost (Joseph et al., 2007). In some cases, projects are started with misinformation, because the project estimate is made to appear lower than it would be in reality.

Organizational Behavior Journal, Improving Organization’s Performance, Achieving goals and objectives, Inefficiency in planning.