Project management deals with initiating, planning, executing, controlling, and closing the work of team to achieve targets and meet particular success criteria. A project is a temporary mode designed to produce a unique product, service or result which has defined beginning and end. Project management tool helps better to communicate with team members and keep clients informed. Project management can be seen in every walk of life and phases from making a recipe to developing a complex software, application and webpages.
Project Management facilitates to manage risk, quality, change and benefits the user in terms of timeline, scope and budget. It helps managers follow time frames more accurately, preventing projects from ending past due date. Working with project management tools assist project managers to keep projects under budget and on time. It is important for most business's of any scale which considers costs that include time / resources, dollars costs and return on the investment needed to make the projects. It smoothens the process of determining the schedule of projects, resources allocated and responsible for ensuring that the stakeholders know about project status.