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Project Management Work Book and Pmp®/Capm® Exam Study Guide, Tenth Edition by Frank P. Saladis, Harold Kerzner

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Chapter 21. MODERN DEVELOPMENTS IN PROJECT MANAGEMENT

Note

Project management has been in existence for thousands of years. From the time the pyramids were constructed, probably even well before then, there were projects and project managers. Over the centuries project management has changed and improved as new tools and techniques were developed to gain efficiencies in the use of resources and the management of time. In the past few decades, there has been an increased interest in project management not only at the single project level but also at the program and portfolio level. Organizations are now interested in how to further financial gains, increase productivity, and reduce costs through organizational or enterprisewide project management.

In the early to mid-1990s, the project management office (PMO) became a focus of attention as organizations saw value in standardizing their project management processes. The capability maturity model (CMM) also became an item of interest to many corporate executives. Continuous improvement through Six Sigma, the development of competency models, and development of methods for managing multiple projects soon followed.

Today, there is continued interest in each of these areas including a new edition introduced by the Project Management Institute (PMI®) in 1999—OPM3®, or Organizational Project Management Maturity Model. OPM3® introduces a standard for measuring project management maturity in an organization through assessing the use of generally ...

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