The article discusses how to successfully manage software projects by using methodologies, techniques, and tools. It covers the role of project managers, project initiation, planning, scheduling, reasons for project failures and successes, case studies, and the Iterative Project Development Methodology (IPDM). It also addresses project resourcing, roles, responsibilities, monitoring, and outsourcing of IT projects. The article introduces Microsoft Project 4 for creating and monitoring project plans. Overall, it provides a comprehensive guide on managing software projects effectively.