Businesses that are one without the other is destined to failure as they are built upon innovation and management. An innovative idea, without proper management, dies a painful death. Command from managers for fat pay-cheques is no wonder.
Project management mandates the application of management skills to bring a project to fruition. It basically involves defining objectives in order of their execution, meticulous planning, monitoring, project delivery and control. The whole process works as an integral whole and problems in the chain of events can stall or kill the entire project, resulting in financial and other losses.