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Fundamentals of Project Management                                Neha Tikoo, Lovely Professional University



                      Notes                    Unit 12: Future of Project Management-II



                                       CONTENTS
                                       Objectives
                                       Introduction
                                       12.1 Historical Perspective of Project Management

                                       12.2 Contemporary Growth
                                       12.3 Current Situation
                                       12.4 Future Growth
                                       12.5 Techniques and Tools
                                       12.6 Summary
                                       12.7 Keywords

                                       12.8 Review Questions
                                       12.9 Further Readings

                                    Objectives

                                    After studying this unit, you will be able to:

                                         Know about the future of project management;
                                         Understand the contemporary growth;
                                         Know about the current situation.

                                    Introduction

                                    One can trace artifacts back nearly 5000 years that represent the results of projects and a high
                                    degree of technical competence at managing the work. Perhaps the oldest artifact is The Great
                                    Pyramid of Giza – located near the city of Cairo, Egypt and the only survivor of the Seven
                                    Ancient Wonders of the World. There are other ancient artifacts, but without a specific date of
                                    construction identified. Circa 2560 BC, The Great Pyramid of Giza was constructed over a period
                                    of perhaps 20 years as the necropolis for the Egyptian pharaoh Khufu. Built to a height of 481 feet
                                    by using approximately 2 million stone blocks, each weighing more than two tons, it ranked as
                                    the tallest structure on earth for more than 43 centuries. Each side is oriented to the cardinal
                                    points of the compass – i.e., north, south, east, and west.

                                    12.1 Historical Perspective of Project Management

                                    In a November 1998 issue of National Geographic Magazine, it was suggested that the building
                                    of The Great Pyramid required a sophisticated community of such skills as planning, cooking,
                                    baking, healthcare, and stone cutting to accomplish this project. Pictures often depicting slaves
                                    being whipped to perform the tasks of stone cutting and stone placement, but this could not
                                    have been the typical “management method” for the project. There had to be some team
                                    organization and project management to accomplish the feat of building the pharaoh’s tomb
                                    whose actual planning and construction remains a secret from modern society today. Project
                                    management has continued to grow over the more than 5000 years through the demands of




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