The modern project management approach Essay Example | Topics and Well Written Essays - 4750 words

The modern cat management approach - Essay ExampleFormal send off management techniques were developed in ground forces in the 1960s as part of the early missile programmes. These techniques have since been used in almost every(prenominal) area of society, from government agencies to non-profit organisations, and from engineering companies to service industries (Wikipedia).The early project management phase began in the fifties in the get together States where, from an ad-hoc-basis use of Gantt Charts and informal techniques and tools, it graduated to the use of two mathematical project management models cognize as (1) the Program Evaluation and Review Technique or PERT, developed as part of the United States Navys Polaris missile submarine programme and (2) the Critical Path Method (CPM) developed in a joint venture by both DuPont Corporation and Remington Rand Corporation for managing plant maintenance projects. These mathematical techniques readily spread into many private enterprises. In 1969, the Project Management Institute (PMI) was established to help the project management industry to perform better. The PMI has been of the view that the tools and techniques of project management are common for all applications in projects from the software industry to the traditional construction industry. In 1981, the PMI brought out The Guide to the Project Management eubstance of Knowledge, containing the standards and guidelines of practice that are widely used throughout the profession (Wikipedia).Generally, project management is distinguished from the commonplace management of corporations by the mission-oriented nature of a project. A project organisation will generally be terminated when the mission is accomplished. According to the Project Management Institute, the discipline of project management can be defined as follows Project management is the art of directing and coordinating human and material resources throughout the vivification of a proje ct by