Page 194 - DMGT302_FUNDAMENTALS_OF_PROJECT_MANAGEMENT

Unit 12: Future of Project Management-II

society for a change to resources to create a more valuable product or service for human Notes
consumption. Techniques improved and tools were invented to make the tasks easier. Whereas
construction may have been the seed for developing project management, many organizations
across all industries use project management to some extent. Perhaps like the ancient Egyptians,
a business’s project management may include only fundamental concepts and practices with the
expectation of continued growth as the need is recognized.

Notes Project Management is no longer regarded as a part time occupation or even a
career path position.
12.2 Contemporary Growth

Planning tools have emerged over the past 50 plus years to address dynamic planning
requirements. Computers have aided and revolutionized information management. Risk tools
give probabilities for success or failure of projects.
An abundance of literature is available through books, articles, and electronic sources to describe
project management theory, concepts, practices, procedures, and policy. This literature includes
the US Air Force’s 375 series on program management requirements from the 1960s and 1970s
that influences many of the practices and procedures used today.
Formal project management education programs have been started in institutions of higher
education as well as a wealth of independent training programs that address various aspects of
project management.
There have been efforts to expand the transfer of knowledge from the single project model to a
multiple project model. Studies have been accomplished to determine if project management is
a profession or something less that does not meet a contemporary definition of profession.
No known study concludes that project management is a profession that meets current definitions.
Project management, as a collection of theory, concepts, practices, and procedures, is, however,
the management method of choice for many organizations and perhaps the most recognized
term in management today. There are more than 500 books of all size and focus written each
year on project management practices and procedures.

Did u know? For more than 50 years, project management has been in use but perhaps not
on a world wide basis.

Self Assessment

Fill in the blanks:
1. ....................... tools have emerged over the past 50 plus years to address dynamic planning
requirements.
2. An ....................... of literature is available through books, articles, and electronic sources to
describe project management theory, concepts, practices, procedures, and policy.

3. ....................... project management education programs have been started in institutions of
higher education as well as a wealth of independent training programs.
4. No known study concludes that ....................... management is a profession that meets
current definitions.

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