Any successful business project is not only measured by how great an idea is, but by how successful it is when putting into action. Successful project management turns a winning strategy into a successful reality.
A report in PMI.org, a global network of project management experts, says about 85% of all projects fall short of time and budgetary goals, with an average overrun of 70% in time and 60% in budget and that’s a number that cannot be ignored.
Successful project management enables strategic alignment with business opportunities and provides leadership and a clear focus to execute strategic goals and handle risks. It involves well-crafted strategies, business best-practices, realistic timelines, resources, and processes for smooth operations and delivery. It helps in coordinating with people across countries, time zones, languages, and cultures.