In software development industry, project management plays a very crucial role, it is one of the vital elements for success. “Project Managers are the most creative pros in the world, they have to figure out everything that could go wrong before it does”, this statement truly justify the importance of managers and project management.

If we analyze closely, Software development can be split up into two broad areas, Software creation and Software project management. Software is said to be an intangible product. The effect of rapid change in requirements, technology and methodologies bring certain amount of risk in software project, so it is essential to manage software projects efficiently.

Time, cost and quality are the three important constraints for software development projects. It is an essential part of software organization to deliver quality product, keeping the cost within client budget and deliver the product within deadlines. Therefore, software project management is essential to incorporate to user requirements along with budget and time constraints. All these constraints are handled by the project Managers. These are the people who undertakes the responsibility of executing the software project.

Project Managers are indirectly involve in producing the end product, they controls the process and manages the activities involved in production. These people closely monitors the development process, prepare and execute several plans, arrange all necessary and adequate resources, maintains communication among all team members in order to handle issues of cost, budget, resources, time, quality and customer satisfaction.

Projects managers is involved in managing work force and act as a project leader. He is involved in managing human resource, setting up report hierarchy and listen to the concerns of stakeholder.

Project managers are also involved in defining and setting up project scope, managing project management activities. They monitor progress and performance and analyze risks at every phase. These people take necessary steps to avoid the complexity and knows how to come out of these problems. They also act as a project Spokesperson.

Certain essential activates involved in software development are also assigned to project managers. They are responsible for Project planning, Scope management and Project estimation. Scheduling of task and events, distribution of work load among resources (resource management) are also involved with in the domain of Project Mangers. They divide complex requirement into various smaller part for the ease of management

Accurate estimations are must for an effective management. With correct estimation manger can manage and control project more effectively and efficiently. Project Estimations involves Software size estimations, Effort Estimations, Time estimations and Cost Estimations. All these factors must be estimated and maintained effectively by mangers.

Project Management in software development leads to project completion which leads to faster implementation and faster returns on investment.