Project management is a set of processes and not a tool. Rather it comprises of a number of tools depending on the maturity of an organization in relation to management of projects. It is not mandatory to have tools to manage projects but it is always a boon to have good and effective tools to make your decisions quick and responsive in time.
Tools assist in aligning your goals and targets and somewhat proactively addressing to any road-blockers in the progress of your projects. There has to be a complete sync between your processes, tools and milestones that you want in your projects.
Managing projects efficiently is a great art. Organizations that achieve this art have always an edge over the other organizations struggling