The economic impact of project management

JANE, IHEME MARY (2025) The economic impact of project management. International Journal of Science and Research Archive, 15 (2). pp. 1326-1331. ISSN 2582-8185

Effective project management has become an indispensable discipline for companies looking to fulfill their strategic goals. In this article I focus on the consequences related economically to project management, especially its impact on profit maximization, resource allocation, and economic sustainability. In this article, I highlight constructions, information technology and other public sector projects, focusing on the impact project management practices have on organizational success across different sectors. This analysis aims to study the relationship among project management activities, the complexity of the work, and the economic results by relying on empirical studies published between 2018 and 2025. The data shows that there is lack of research that adequately addresses the requirements of a skilled project manager, appropriate methodology, and economic governance framework that is beneficial economically.