Software project management is a discipline that helps an organization to maximize the value of its software products and services. The main objective is to ensure that the work gets done in an efficient and effective manner. This can be achieved by setting up the right framework for delivery, keeping track of all activities and activities, identifying risks and making sure that each activity is completed on time.

Software project management is different from software development because it focuses on managing the entire life cycle of a product or service from conception to completion. This includes identifying requirements, planning, implementing, testing and delivering. The key aspect here is that it involves more than just coding. It also requires people who understand business issues as well as technology issues.

Software projects are typically divided into phases that start from planning and end with delivery. The most common types of software projects are:

• Performance-based projects: These are where the client pays for the project based on its results. For instance, a company might agree to pay $100,000 for a software prototype if it reaches certain goals within a set time frame (e.g., 1 month). Payment is typically done through milestone payments or fixed fee contracts.

• Time-and-materials based projects: These are usually associated with public works projects where payment is made based on labor costs rather than actual results achieved by the contractor (i.e., how much concrete was poured). Another example would be an infrastructure project such as building a road or bridge.

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