Management ties together resources in an organization, mobilizes resources, and harmonizes efforts of all stakeholders to achieve organizational goals. Management in modern organizations have been challenged to adopt approaches that will keep organizations afloat. Arguably traditional approaches mainly aiming at effectiveness can no longer be relied on. This paper discusses project management approach in comparison to general management, its influence on organizational performance, highlight success cases and use of monitoring. It concludes that project management approach is core for organizational success and provides a flexible way to enhance continuous quality improvement, effective and efficient production within budget and set timelines.