Why is project management in information technology important?

Here are some reasons why project management is getting increased attention in all industries, including IT :

Projects and services have grown larger and more complex.

Global competition has increased the need to be more efficient.

Better access to information via computers and communications networks.

More sophisticated customers with higher quality demands.

Rapid rates of change (including technology).

Downsizing – doing more with fewer people.

An increased amount of outsourcing.

Larger organizations attempting to standardize their operations and incorporate best practices.

Movement away from time and material type contracts to fixed price contracts.

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