Project management business processes are the methods and procedures used to organize and manage resources, time, money, and information to achieve specific goals within the confines of a business. It is the framework that enables a business to plan, execute, and evaluate the success of a project or initiative. Companies use project management to ensure that all aspects of a project are managed effectively and efficiently. It is the process of establishing a set of objectives, identifying tasks, developing a timeline, and assigning resources to help ensure the project is completed on time and within budget. Project management helps ensure that all stakeholders in a project are aligned, that objectives are met, and that the budget is well-controlled. By having a comprehensive project management process in place, companies can more effectively manage projects and ensure that they are completed on time and within budget.