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History of Project Management: Post 1950s

History of Project Management: Post 1950s. Farrokh Alemi, Ph.D. Lee Baliton Chris Smith. Previous Section. Pre-1950s. Modern Project Management 1950 and Beyond. New techniques and innovations Cost estimating Cost management Engineering economics

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History of Project Management: Post 1950s

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  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

  11. 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

  13. 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 International’s “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 International’s “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 International’s “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 International’s “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 International’s “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 Eric Jenett James R. Snyder 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 Eric Jenett James R. Snyder 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

  27. 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

  32. Evolution of Project Management Individual efforts Widespread acceptance

  33. Evolution of Project Management Individual efforts New methods of charting data Widespread acceptance

  34. Individual efforts New methods of charting data Optimization techniques Widespread acceptance Evolution of Project Management

  35. Individual efforts New methods of charting data Optimization techniques Widespread acceptance Evolution of Project Management New method of management

  36. Individual efforts New methods of charting data Optimization techniques Widespread acceptance Evolution of Project Management New method of management

  37. Take Home Lesson Project Management is not what it used to be

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