Professional project management provides many significant benefits, including the following:

Stakeholder Benefits
 

• Better scheduling and budgeting
• Better cost containment
• Better communication throughout project including process mapping and progress reporting
• Better change management processes including configuration management
• Better quality planning, quality assurance processes, and quality acceptance steps
• Earlier attention paid to "red flags" - project problems that may be indicators of more trouble to come.

Team member benefits

• Allows the creative team the freedom to focus on the activities most aligned with their talents and passions
• Less rework
• Better definition of work requirements
• Better understanding of roles and responsibilities
• Improved productivity of work through

Functional manager benefits
 

• Better allocation of resources
• Better communication throughout the company
• Improved work instructions
• Allows functional manager to focus on the department resource leveling, staff retention and training, and quality processes for their specific area.
• Improved project documentation processes and expansion of the organizational retained best practices.

Senior manager benefits
 

• Better use of company resources
• More attention to risk management
• Better project cost and schedule estimating
• Better project monitoring and control