Project Management is essential as it ensures to deliver the projects systematically in a specified time which in turn generates value for each business opportunity. Here are the benefits an organization will get by applying Project Management principles
1. Leadership
2. Managing and controlling risk
3. Optimize utilization of Resources
4. Subject Matter Expertise
5. Managing and learning from success and failure

Project management is important for below mentioned reasons:
• It brings leadership and direction to projects.
• It ensures what is being delivered, is correct.
• It ensures there’s a proper plan for execution.
• It ensures proper expectations are set around.
• It ensures the quality of whatever is being supplied, regularly meets the target.