Project management provides several benefits including saving money, saving time, managing risks, and ensuring a better quality building. It saves money by keeping staff focused, challenging assumptions, managing the schedule, negotiating fees, eliminating redundancies, developing detailed budgets, ensuring competition, and improving communications. It saves time by allowing staff to focus on current work, coordinating with agencies and contractors, and imposing schedule requirements. It manages risks through an experienced advocate, proper contract coordination, clarifying expectations, budget analysis, and timely decision making. It ensures quality by identifying and tracking deficiencies, holding contractors accountable, fostering collaboration, selecting qualified contractors, and having a presence on site.