Project management is the mechanism through which the various
resources, methods, skills, capabilities and experiences are
focused to achieve the project objectives.
The importance of project management to business:
- Helps in drafting a project schedule and helps in maintaining
focus to successfully follow it
- Ensures efficient utilization of resources
- Teamwork gets fostered for the success of the project
- Helps in integrating different projects and processes
- Facilitates reduction of waste and thus minimizes production
cost
- Any kind of change in the project can be effectively
implemented