A project is defined as a program of work with a start and end date, a multi-disciplinary team, and constraints of cost, time and quality to bring about a beneficial change. Project management involves planning, organizing, and managing resources to successfully complete project goals and objectives, following common steps of definition, planning, execution, control, and closure. Project management is particularly helpful for the pharmaceutical industry by providing structure for all phases from technology transfer and product development to clinical studies, regulatory approval, and product launch and commercialization. It enables companies to efficiently manage resources and minimize time loss to get products to market faster.