Collaborative Project Management is a business approach that focuses on the effective coordination of people, processes, and technology to ensure the successful completion of a project. It is a team-oriented approach that emphasizes the importance of collaboration between stakeholders, including the project manager, project team members, and external stakeholders. This approach encourages the use of a variety of tools and techniques to facilitate communication and collaboration, such as online project management software, virtual meetings, and shared workspaces. The goal of Collaborative Project Management is to ensure that all stakeholders are working together to achieve the project’s objectives in a timely and cost-effective manner. This approach is particularly beneficial in complex projects that require the coordination of multiple stakeholders and resources. By encouraging collaboration, this approach can help to reduce project costs, improve efficiency, and increase the overall success of the project.