Emerging market preferences, dynamic product innovation and ever-changing PEST (Political, Economic, Social and Technological) scenarios have driven the requirement of staunch policy upgradation, constant research, and development and thus concoction of profit generating production units. Manufacturers, around the globe, are thus compelled to adopt project management tools and techniques that can ensure adaptability of process, time efficiency and cost saving, that too at a desirable quality. Generally, project managers are more likely to converge all their efforts and endeavors towards timely completion of such projects with major focus on budget controlling and monitoring. Thus, completely or partially, undermining the contribution of quality assurance and control practices towards overall success of project.