Handling communications and directing business needs are the most important elements of modern projects. Project management can be thought of as a subset of talent management, as modern management professionals are often responsible for a series of goal-based project teams.
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Project management can either be used as a function of any management professional, or as a professionally designated career (as a Project Manager.) Business changes such as globalization, technological development, and a high pace of development have increased the need and demand for employees well-versed in project management principles.