Nowadays

Nowadays, businesses are searching for better opportunities for achieving competitive advantages in the market; a capacity of every functional area to make the performance of an organization better is under examination. Nowadays, most of the non-profit organizations are managing projects in a very complex environment. Development of new products, implementation of new policies and outsourcing, proper system of implementation and development are considered as the key project initiatives of an organization. For this purpose, execution of projects in business enterprises are undertaken through many different practices of project management which are carried out by different project managers every day. There are different objectives of projects which can be achieved at the completion of every project. The ability to complete the project successfully is considered as an achievement of organizational performance.
Cost, time and quality are considered as most important objectives which are important in all projects and all these factors are important to consider for analyzing the success of any project (Belassi and Tukel, 1996; Walker, 1995). Most of the practices of project management are tried and tested as they are collected from lessons and experiences which are continuously practiced and improved to produce better results and then they are documented as baselines, measures and examples (Karim, 2012).
Those organizations which execute their projects successfully apply effective project management practices as tools to achieve objectives and aims of business. The strategic impact which successful projects have on organizations and business require effective management practices which measure risks and progress and to make sure that the right projects can be delivered by aligning organizational priorities in order to realize improved organizational performance. Cost, time and quality are considered as most important objectives which are important in all projects and all these factors are important to consider for analyzing the success of any project (Belassi and Tukel, 1996; Walker, 1995). Most of the practices of project management are tried and tested as they are collected from lessons and experiences which are continuously practiced and improved to produce better results and then they are documented as baselines, measures and examples (Karim, 2012).