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Assignment # 03: Entrepreneurship
Assignment # 03: Entrepreneurship
Assignment # 03: Entrepreneurship
Entrepreneurship
15034198-094
Department: BSSE-15B
Strengths
Market Demand
The global project management software market is expected to witness a CAGR of 10.14% during
the forecast period of 2018–2023. The scope of this report is limited to the type of deployment
method used such as cloud-based and on-premises, size of the organization, such as small &
medium-sized enterprises and large enterprises, end-user verticals, such as BFSI, healthcare and
life sciences, manufacturing, IT & telecommunications, and retail, among others. The regions
considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America,
and the Middle East & Africa.
Project Management Tool (PMT) is intended to manage work between members of a group and
enforce order in the projects they are managing. As a tool for organizing and managing work, the
use of project management software continues to grow at a rapid pace across industries. As
corporations develop in size and complexity, more all-inclusive solutions are needed to coordinate
an entire organization's portfolio of projects. These solutions help the management to shuffle plan,
workload, budgets and resources, observe projects as they develop, and report on delivery success.
Target Audience
PMT is for individuals, teams, startups, SMBs, large enterprises, and non-profit organizations. It
is beneficial to companies and businesses in many industries such as IT, software, agencies and
others with a need for task management, project tracking and real-time communication
requirements.
Implementation
PMT releases its API to third-party developers. PMT’s open API provides a means to
programmatically read information in PMT, input information into PMT, and create automations
within PMT. This allows customers or third-party developers to build on the PMT platform and
customize PMT to the unique way their teams work. Common use cases include automating
repetitive tasks, chaining processes, automating reporting on tasks and projects, and syncing with
databases or other tools.
The PMT API is a RESTful interface, allowing you to update and access much of your data on the
platform. It provides predictable URLs for accessing resources, and uses built-in HTTP features
to receive commands and return responses. This makes it easy to communicate with a wide variety
of environments, from command-line utilities to browser plugins to native applications.
Conclusion
To summarize, PMT is entering a large market with big ideas and an iterative approach. As such,
it is likely to follow one of three courses:
Fail to gain significant traction and fold.
Become a successful product albeit for a niche market.
Sweep the market, become one of the standard solutions in the space.