History of Project Management: Post 1950s

1
History of Project Management Post 1950s

• Farrokh Alemi, Ph.D.Lee Baliton
• Chris Smith

2
Previous Section

• Pre-1950s

3
Modern Project Management 1950 and Beyond

• New techniques and innovations
• Cost estimating
• Cost management
• Engineering economics
• Hans J. Lang - Lang Factor, a cost estimating
  technique
• Lang Factor - ratio of the entire cost of
  implementing a process
• Estimate installation costs for factories,
  plants, and equipments

4
Modern Project Management 1950 and Beyond

• New techniques and innovations
• Cost estimating
• Cost management
• Engineering economics
• Hans J. Lang - Lang Factor, a cost estimating
  technique
• Lang Factor - ratio of the entire cost of
  implementing a process
• Estimate installation costs for factories,
  plants, and equipments

5
Modern Project Management 1950 and Beyond

• New techniques and innovations
• Cost estimating
• Cost management
• Engineering economics
• Hans J. Lang - Lang Factor, a cost estimating
  technique
• Lang Factor - ratio of the entire cost of
  implementing a process
• Estimate installation costs for factories,
  plants, and equipments

6
Modern Project Management 1950 and Beyond

• New techniques and innovations
• Cost estimating
• Cost management
• Engineering economics
• Hans J. Lang - Lang Factor, a cost estimating
  technique
• Lang Factor - ratio of the entire cost of
  implementing a process
• Estimate installation costs for factories,
  plants, and equipments

7
Modern Project Management 1950 and Beyond

• New techniques and innovations
• Cost estimating
• Cost management
• Engineering economics
• Hans J. Lang - Lang Factor, a cost estimating
  technique
• Lang Factor - ratio of the entire cost of
  implementing a process
• Estimate installation costs for factories,
  plants, and equipments

8
Modern Project Management 1950 and Beyond

• New techniques and innovations
• Cost estimating
• Cost management
• Engineering economics
• Hans J. Lang - Lang Factor, a cost estimating
  technique
• Lang Factor - ratio of the entire cost of
  implementing a process
• Estimate installation costs for factories,
  plants, and equipments

9
Modern Project Management 1950 and Beyond

• Project Portfolio Management
• Harry Markowitz
• Focus on highest return

10
Modern Project Management 1950 and Beyond

• Project Portfolio Management
• Harry Markowitz
• Focus on highest return

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Modern Project Management 1950 and Beyond

• Project Portfolio Management
• Harry Markowitz
• Focus on highest return

12
Modern Project Management 1950 and Beyond

• F. Warren McFarlan
• Information technology project selection
• Risk-based

F. Warren McFarlan
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Modern Project Management 1950 and Beyond

• F. Warren McFarlan
• Information technology project selection
• Risk-based

F. Warren McFarlan
Completing the project right .vs. Doing the right
project
14
Modern Project Management 1950 and Beyond

• Refined costing estimating techniques.
• Guthrie Factors - module estimating technique
• American Association of Cost Engineers
• Total Cost Management

From AACE Internationals Total Cost Management
Framework published 2006.
15
Modern Project Management 1950 and Beyond

• Refined costing estimating techniques
• Guthrie Factors - module estimating technique
• American Association of Cost Engineers
• Total Cost Management

From AACE Internationals Total Cost Management
Framework published 2006.
16
Modern Project Management 1950 and Beyond

• Refined costing estimating techniques
• Guthrie Factors - module estimating technique
• American Association of Cost Engineers
• Total Cost Management

From AACE Internationals Total Cost Management
Framework published 2006.
17
Modern Project Management 1950 and Beyond

• Refined costing estimating techniques
• Guthrie Factors - module estimating technique
• American Association of Cost Engineers
• Total Cost Management

From AACE Internationals Total Cost Management
Framework published 2006.
18
Modern Project Management 1950 and Beyond

• Refined costing estimating techniques
• Guthrie Factors - module estimating technique
• American Association of Cost Engineers
• Total Cost Management

From AACE Internationals Total Cost Management
Framework published 2006.
19
Modern Project Management 1950 and Beyond
From the Project Management Institute
www.pmi.org
20
Modern Project Management 1950 and Beyond

• Five Founders of PMI

J. Gordon Davis, PhD
E. A. Ned Engman
Susan Gallagher
James R. Snyder
Eric Jenett
From the Project Management Institute
www.pmi.org
21
Modern Project Management 1950 and Beyond

• Five Founders of PMI

J. Gordon Davis, PhD
E. A. Ned Engman
Susan Gallagher
James R. Snyder
Eric Jenett
From the Project Management Institute
www.pmi.org
22
Modern Project Management 1950 and Beyond

• PM industry
• Modern tools
• Define project management
• Wide spread application

From the Project Management Institute
www.pmi.org
23
Modern Project Management 1950 and Beyond

• PM industry
• Modern tools
• Define project management
• Wide spread application

From the Project Management Institute
www.pmi.org
24
Modern Project Management 1950 and Beyond

• PM industry
• Modern tools
• Define project management
• Wide spread application

From the Project Management Institute
www.pmi.org
25
Modern Project Management 1950 and Beyond

• PM industry
• Modern tools
• Define project management
• Wide spread application

From the Project Management Institute
www.pmi.org
26
Modern Project Management 1950 and Beyond

• Rapid developments
• IT industry
• Globalization
• Within scope, schedule and cost constraints

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Modern Project Management 1950 and Beyond

• Rapid developments
• IT industry
• Globalization
• Within scope, schedule and cost constraints

28
Modern Project Management 1950 and Beyond

• Rapid developments
• IT industry
• Globalization
• Within scope, schedule and cost constraints

Helped transform the field
29
Modern Project Management 1950 and Beyond

• Rapid developments
• IT industry
• Globalization
• Within scope, schedule and cost constraints

How is your project management coming along?
Helped transform the field
30
Today

• Standardized techniques and processes
• Management technique

31
Today

• Standardized techniques and processes
• Management technique

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Evolution of Project Management
Individual efforts
Widespread acceptance
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Evolution of Project Management
Individual efforts
New methods of charting data
Widespread acceptance
34
Evolution of Project Management
35
Evolution of Project Management
New method of management
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Evolution of Project Management
New method of management
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Take Home Lesson

• Project Management is not what it used to be