Know the Importance of Project Management Principles for Effective Business!

The project management principles are the key criteria that must be followed in order to properly manage projects

Here are the importance of project management principles:

1. It provide formal framework to manage project effectively

2. It clarify all objectives and outcomes of the project

3. It identifies, assesses, and monitors risks, as well as deciding on action plans to implement if they occur

4. It helps to tack and evaluate progress

5. It helps decision-making by allowing to view the large picture and understand all of the implications of various solutions