Projects, today, are an integral part of every organization. They not only create new business lines, introduce new products and services but also make business processes more efficient. Projects require huge investment but sometimes the results are not predictable. However, success of the projects can be predetermined by efficient handling & management – planned outcomes can be successfully delivered within budget and schedule while conforming to organizational quality guidelines. The negative surprises that lead to inefficiencies can be avoided by organized project management.
Project Management is extremely important for managing, integrating and coordinating project activities and successfully achieving project objectives. Project Management skills and techniques can also be utilized, partially or wholly, to manage project portfolios, program and large operations. Organizations (Government establishments, Public Enterprises, Non-profit and private sector) are employing modern and scientific approach to Project Management to ensure successful execution & completion of programs/projects.