Abstract
Project Management process plays a significant role in effective development of software projects. Key challenges in the project management process are the estimation of time, cost, defect count, and subsequently selection of apt developers. Therefore precise estimation of above stated factors decides the success level of a project. This paper provides an empirical study of several projects developed in a service oriented software company in order to comprehend the project management process. The analysis throws light on the existence of variation in the aforementioned factors between estimation and observed results. It further captures the need for betterment of project management process in estimation and allocation of resources in the realization of high quality software product. The paper therefore aims to bring in an improved awareness in software engineering personnel concerning the magnitude and significance of better estimation and accurate allocation of resources for developing successful project.
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