Project Management Growth: Concept and Definitions PDF

PROJECT MANAGEMENT GROWTH: CONCEPT AND DEFINITIONS DR. FARAZ ALI MEMON  INTRODUCTION Project management has evolved significantly over the years, adapting to the changing needs and complexities of modern projects. This presentation explores the concept of project managemen...

PROJECT MANAGEMENT GROWTH: CONCEPT AND DEFINITIONS DR. FARAZ ALI MEMON  INTRODUCTION Project management has evolved significantly over the years, adapting to the changing needs and complexities of modern projects. This presentation explores the concept of project management growth and provides key definitions to understand its evolution. DEFINITION OF PROJECT MANAGEMENT Project Management: The application of knowledge, skills, tools, and techniques to project activities to meet project requirements.  THE EVOLUTION OF PROJECT MANAGEMENT 1. Early Project Management 2. Industrial Revolution 3. WWII and Post-War Reconstruction 4. 1960s-1980s: Emergence of Formal Methodologies 5. 1990s-Present: Agile and Beyond: 6. Digital Transformation 7. Integration of Sustainability and Risk Management  THE EVOLUTION OF PROJECT MANAGEMENT Phase 1: Phase 2: Agile Phase 3: Traditional Project Hybrid Project Project Management Management Management  TRADITIONAL PROJECT MANAGEMENT Traditional project management refers to a sequential approach to managing projects, where tasks are planned, executed, and completed in a linear fashion Sequential Process Rigid Planning Waterfall Methodology Emphasis on Documentation Hierarchical Structure Risk Management  HYBRID PROJECT MANAGEMENT Hybrid project management—also known as blended project management—combines different aspects of Waterfall and Agile methodologies to craft a process that truly fits your team and projects. This hybrid approach is popular among project managers who feel limited by a single methodology.  AGILE PROJECT MANAGEMENT Flexible approach focusing on collaboration and adaptability, often implemented through methodologies like Scrum Kanban Lean  PRINCE2 PRINCE2® (Projects IN Controlled Environments) is a process-based methodology for effective project management, used and recognized all over the world. PRINCE2 and PMP certifications are both globally recognized certifications. However, some areas favor one type of certification over the other. PRINCE2 certifications are more popular in Australia, Europe and the United Kingdom, but PMP certifications are more popular in Canada, the Middle East and the United States.  FACTORS DRIVING PROJECT MANAGEMENT GROWTH 1. Technology Advancements 2. Globalization 3. Market Demands 4. Complexity of Projects  BENEFITS OF PROJECT MANAGEMENT GROWTH Improved Efficiency Enhanced Collaboration Increased Flexibility Higher Success Rates Customer Satisfaction CHALLENGES IN PROJECT MANAGEMENT GROWTH 1. Resistance to Change 2. Skill Gap 3. Integration Issues 4. Managing Complexity 5. Sustainability In class Practice https://www.scrum.org/open-assessments/scrum-open Heard about KBC ? Lets play a game of KBSM