Look around yourself and there is a project underway -- Whether you are manufacturing a new car model or constructing the world's tallest building or even organizing a grand wedding-- we all manage projects every day, big and small. Not everything needs an extensive oversight. For instance, cooking a meal for yourself does not require that much planning. However, cooking meals for the entire neighbourhood, or for the entire town is a serious affair. You need to plan, gather resources, and have a timeline in place. This needs a proper management. However, about 50 percent of companies don't understand the importance of project management. So what is project management? Simply put, Project Management is about knowing: What you want to achieve? How you are going to achieve it? How much time it will take to achieve? It's a set of practices that strategically lead you to your goal in an efficient way. This is because Project Management ensures you go through the 5 stages of a Project -- Initiation, Planning, Execution, Monitoring & Controlling, and Closing. Initiation is when you find out WHAT you're doing? WHY you're doing it? and WHO is involved in the project? Planning lets you outline the details of your project, such as a timeline, cost, resources needed, risks, and quality. Execution is where you start working on your project and ensure everything stays on track. With Monitoring and Controlling, you compare your real-time progress to the original plan and take measures when errors occur. And Closing is wrapping up your project, analyzing what's been done, and noting what could be done better the next time. Project management, doesn't just improve your productivity, it also provides a foundation for better collaboration between team members. It helps you get the right people to work on the right jobs, makes you ready to manage any risks that may arise, and allows you to get your work done on time, all the time!