Scenario: You are a full stack developer for a software development company. After having multiple failed IT projects at your company, you decide that the company needs to take a more formalized approach to project management. You decide to take initiative and write a memo to your manager about the benefits of formal project management. a) List three benefits of formal project management AND how they will help the organization.

EXAMPLE: Better internal coordination the teams inside the organization such as the development team and software security team will be able to better collaborate