This report provides a critical assessment of project management tools and techniques, focusing on their usefulness in managing projects within an organization, particularly in the context of software development and launch at NEXT company. It evaluates various project management tools such as Gantt charts, work breakdown structures, and agile methodologies, highlighting their benefits in planning, scheduling, and risk management. The report also includes a project plan for software development and launch, detailing project background, aims, objectives, scope, assumptions, constraints, deliverables, key stakeholders, communication plan, and justification. Furthermore, it emphasizes the importance of aligning project objectives with stakeholder needs, customer-centric product development, and effective communication for successful project implementation. The report concludes by underscoring the role of project management tools in enhancing collaboration, managing project aspects like time, quality, and cost, and fostering better client relationships. Desklib provides access to similar project management reports and study resources for students.