Private businesses and government organizations engaged in conducting large projects, or several smaller projects at the same time, currently recognize the advantages of formal project management.

But while the quantity of knowledge and wisdom gleaned from these projects has improved so project management has become more complicated. And as it's become more complicated so the methodologies and tools have needed to evolve to keep pace.

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Formal methodologies are generally used for application development, production, technology, and building projects to plan, control and schedule each of the tasks and actions required.

Therefore, managing projects is currently a basic part of many companies and the use of project manager is currently a professionally recognized one, which entails not only preparation, controlling and scheduling tasks but also experienced in the management of risk, quality, and change.

The abilities necessary to complete projects are extremely much in demand in the competitive industry environment and comprise not just a technical capability to effectively manage tasks but also people management skills and great business awareness.

It's essential to make a written document that clearly states the scope of the undertaking. This May Be Called the Scope Document, the Project Charter or the Company Requirements Document.

Whatever it is called in your organization is a key factor that the scope of the project, what is included and what is specifically excluded, should be clear and unambiguous documented.