Often managements, in the process of putting too much emphasis on completion of the project, usually tend to overlook many valuable points which demand a high consideration. This article presents some of those unseen facts which an effective project manager needs to take care of. The management approaches and the management process and challenges involved in effective project management are described in the article.

A project can be defined as a set of activities to achieve an outcome, with some specific parameters such as start date, end date, and resources. Effective project management is the process of developing substantive and systematic data about all these parameters so that the decision-making is effective.

The project management involves knowledge, skills, tools and techniques to project activities to meet project requirements. A project manager has to differentiate between wants and needs of the clients. Often, the clients are not clear about their needs; hence an effective project management demands that a project should have built-in processes to accommodate the changes requested by the clients. The Internet and emerging technologies enable clients gain better focus on what they actually need. These technologies have affected the business to a greater extent. New product development and R&D projects also fall under this category called the "Agile project management".

Projects & Profits Magazine, Project Management, Decision-Making Process, E-commerce, E-Business, Business-to-Business, B2B, Business-to-Consumer, B2C, Human Resources Management, Research and Development, R&D, Organizational Goals, Management Techniques.