The Relationship Between Project Management and Overall Performance of a Company

Abstract

In today's business environment, project management has become an important requirement for organizations of all sizes, from small businesses to large-scale enterprises. The implementation of project management tools and techniques is widely believed to be a major source of competitive advantage, enabling organizations to leverage their resources effectively. Project management encompasses several phases, including defining the project, execution, and monitoring. The goal of this paper is to analyze the impact that project management can have on the performance of a company. In doing so, various methodologies and tools are examined, along with how the impact of different systems varies. This research concludes that proper and successful project management results in excellent overall outcomes, while poor project management leads to poor company performance.