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Because priorities, finances and resources may change at any time, it is critical that this process be well-defined and easy to follow. It is also important that its value is understood and supported by corporate leaders and the business organization.

Knowledge: The more projects a business undertakes, the more knowledge it will acquire over time. This will serve as an asset to any business and project management helps to capture and retain knowledge.Creates an opportunity for learning: Sometimes, projects work out perfectly and other times, project fail miserably. Either way, much can be learned from previous experience and past mistakes can be avoided in the future. Project management ensures that these lessons are learned and applied in the future.

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There are numerous advantages to project management software. Project management has come a long way from a pencil, sheet of paper and a methodology to what is available today in our technologically advancing world.

By using project management methods, organisations can gain control over the running of projects and make sure that they are keeping on track and within budget. Project deliverables need to be managed effectively so that no one loses track over what is happening. One failed project may not seem like a lot to a company, however when we are talking about large organisations with multiple, complex and on-going projects, project management is vital.

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