Hi Soumyank. An intriguing question and presumably not the one you should start with!
Maybe a controversial opinion in this forum but I would say that the vast majority of technology product creation, change and improvement can be impactful without the help of anything called a "project". Focus on outcomes and what innovations will be advantageous. Talk to your engineering teams and find out what they need to help them deliver valuable improvements consistently, not just when mobilised under the banner of a project.
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