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What are some of the principal reasons why project management has become such a popular business tool in recent years?

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The project management has become such a popular business tool in recent years because  Better resource management.

The importance of project management in an organization cannot be overemphasized. Done right, it makes every part of your business run more smoothly. This allows your team to focus on important work without being distracted by unwieldy tasks or out-of-control budgets.

The purpose of project management is to help anticipate risks and challenges that may affect project completion. Apply best practices and use modern software tools to help plan, control, and monitor the people, processes, and other components necessary for project success.

In the late 1970s and early 1980s, project management techniques became more accessible with the widespread availability of project management software for personal computers to many businesses in the mid-1980s.

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