Need of software project management

Need of software project management

Software is said to be an intangible product. Software development is a kind of all
new  stream  in  world  business  and  there  is  very  little  experience  in  building
software  products.  Most  software  products  are  tailor  made  to  fit  client’s
requirements. The most important is that the underlying technology changes and
advances so frequently and rapidly that the experience of one product may not be
applied to the other  one. All such  business and environmental  constraints bring
risk  in  software  development  hence  it  is  essential  to  manage  software  projects
efficiently.