In today’s complex world of business the new projects are developing at a rapid rate as the organization are day by day searching new ways of reducing the cost, improving the processes and productivity of the business. Therefore the task of managing these resources and the technologies are becoming difficult to manage and the risk pertaining to its failure is also increasing day by day. The most effective solution for the management of the projects at large scale is done with the help of project management offices. The project management office offers the organization with the infrastructure of tools, procedures and of the people as well.

There are many benefits of establishing the project management office efficiently firstly it provides a support for the consistent management of the project with the help of standardized methodology that ensures that the projects are carried out according to the goals and strategies of the corporate world. The project managers have clearly defined responsibility while regulating the process, tools and the people.

The web based project management software is based on the complex programs, information that are used in various stages of the project that can be easily accessed through internet. The project manager makes use of project management resources for arranging the necessary information relating to the project and controlling the documents and offering the trails of the inspection. Each process is required to be managed from time to time automatically during project management software solutions.

The process of risk management is used for determining the risk that the business may get prone to thereby it helps in diminishing the future possibilities of the risk that may occur at time. In certain situations the amount of risk may be negligible whereas it may be highest at other. These risks may arise due to natural causes or due to some deliberate action. The process of risk management is regarded as an organized activity in the business world but there are certain rules that need to be followed by the people for the management of the risk and reducing it to the extent as much as possible.