Project Management is a popular field and becoming an attractive option for many students for its excellent job opportunities and lucrative salaries. When studying the subject, the students have to go through various topics related to the subject in great detail so that when they get a job in the future, they are able to complete the projects in a highly successful manner. The subject talks about a well-planned approach wherein right from the beginning till the project ends, each and every step is well spelled out. The project plan acts as a guiding force right from the beginning to the end. This also help to take any such challenges coming in the way that can hamper the project. Thus, it is important to understand the subject well.