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When you undertake a project, generally you have to reinvent the wheel to manage it. Of course, projects are not similar always. For that, you might have to select the project management templates and forms that suit your purpose.
It's possible that using high quality templates in your project to give it visual interest might make your project more "engaging" for your stakeholders, giving you a competitive advantage.
Project templates have changed documentation from manual creation to digital templates that lessen time, increase accuracy, and bring profit. Though people prefer customised services, in some cases, templates remain unbeatable.