**1. Introduction**

It is common that every business faces a situation that compels a change. Some of these changes usually are starting a new office, launching a new product or service, improving an existing work process, installing a new computer system, merging with another company, moving to a new location, entering a new market, meeting a social need and so on. These changes are necessary to meet operational or strategic goals of an organization. And these goals are accomplished using projects. Further, the primary objective of an organization is to create value for its stockholders and it is achieved when the organization creates a healthy profit through the achievement of its strategic objectives [1]. And projects are the instruments by which an enterprise accomplishes its strategic objectives [2].

Organizations design and execute projects that can be classified as internally and externally funded projects based on the nature of their business. In organizations that conduct externally funded projects for a fee (of sorts) on behalf of external clients, efficiency in the conduct of projects is the means by which the amount of real profit is enhanced [2]. If the primary line of business of the organization is service, manufacturing, or research; the projects in the organization are probably internally funded, and the missions of project teams are to create increased operational efficiency, new products, or new markets. Internally funded projects also play an important role in the profit margin, albeit indirectly. In the case of a nonprofit organization, the projects are executed either internally or externally and are conceived to serve its main purpose, which is a social cause and not profit. However, the underlying project management principles of effective and efficient use of resources are still valid and important to expand their services for social cause without increase in their resources [3].
