A project is a planned piece of work designed to improve or produce something new. It can be internal, i.e. involving internal stakeholders like employees or external, which could involve external parties like clients and vendors.

A well-planned project defines explicitly what needs to be achieved, what tasks are required to be done for this project to succeed and the timeline and assignment for the execution of each task. Project management involves planning all these tasks and preparing, assigning, executing, and tracking their completion. Additionally, a project may be allocated a certain budget within which it needs to be completed.

As an organisation, when you execute multiple projects with similar tasks, a certain level of system and process automation ensures that errors are reduced and execution is swift. Some projects may have tasks that need to be finished in a particular order. The Project Management module in ERPNext is tightly integrated with the accounting, procurement, sales, customer support, and HR modules.