The research study is aiming at determining the impact of implementing IoT (Internet of Things) in project managements for reducing the risks as well as the costs of the project management. It is also aiming at focusing on characteristics related to the implementation of IoT in project management. The research question considered is reflecting what is the impact of IoT in projects management? The researcher had reviewed different articles from other researchers' works. With the analysis of the different article, the researcher is enabled to gaining detailed information related to the implementation of IoT in the projects management. In this section, the researcher had focused on the IoT enabling technologies and the technical regulatory characteristics present in the project management. These are seen to be considered as it is enabling the researcher is focusing on the benefits of the IoT. Apart from this, the implementation of IoT in the project management is discussed which is showing that projects can be carried out at a much faster speed. In this research, the researcher had considered secondary data analysis process. It is enabling the researcher in determining the minimum requirements needed for setting the IoT. It will be facilitating the researcher in determining the efficiency and the effectiveness of implementing IoT in project management. The identification of benefits gained by the organization with the implementation of IoT is also seen in this context. The characteristics of the IoT are considered which is enabling the project managers in focusing on learning about the project participants. This illustrates the projection of private data, confirmation of the accuracy of the data collected, and the creative thinking processes. With considering the increase in implementation of IoT, the importance of IoT in managing the devices and the projects carried out in different fields are analysed. The strengths and weaknesses are highlighted in the recommendation section. It is surrounding the improvement of the regulatory policies for increasing the effective organization of the project management processes. The IoT regulatory policy is seen to be playing an important role in executing the registration and documentation processes. Also in this section, the researcher had focused on the project management systems as well as the regulatory authority is playing an important role in improving the frameworks that should be followed. The regulatory authority is including the vital tasks that should be carried out for protecting the big data. In the end, it is discussed by the researcher in the conclusion section is that the acceleration of growth of IoT is devising increase in the pressure on the organization. It is leading to the development of technologies present in project management. The policy, framework and the guidelines should be focused in every area present under the IoT umbrella. At present time, the improvement in the project management carried out by the project managers is essential. It will be helping in removing the risks present in the project as well as the project monitoring and governance is essential