The relationship between information technology, project planning, decision-making and competitive advantage

Good projects need good plans. To plan successfully we first need to understand the role and importance of defining and analysing the problems of a project. Good plans need to define clearly the purpose and then the objectives system of a project. IT technology clearly supports the planning, implementation, monitoring and evaluation process of projects. Nowadays, developing a business cannot be imagined without the application of IT tools and methods; it helps to build a strong foundation for successful management. Project management is the discipline of planning, organising, and managing resources in order to meet specific project objectives and achieve its goals. The main challenge of project management is to achieve all project goals and objectives while staying within the constraints and frameworks previously established, wherein performance, timing, and budget are keys. The purpose of this paper is to present the role and importance of using information technology in project planning to create competitive advantage by carefully planning the budget.