1 History of Project Management: Post 1950s Farrokh Alemi, Ph.D. Lee Baliton Chris Smith

Course on Project Management 2 Previous Section Pre-1950s Pre-1950s

Course on Project Management 3 Modern Project Management 1950 and Beyond New techniques and innovations New techniques and innovations Cost estimating Cost estimating Cost management Cost management Engineering economics Engineering economics Hans J. Lang - Lang Factor, a cost estimating technique Hans J. Lang - Lang Factor, a cost estimating technique Lang Factor - ratio of the entire cost of implementing a process Lang Factor - ratio of the entire cost of implementing a process Estimate installation costs for factories, plants, and equipments Estimate installation costs for factories, plants, and equipments

Course on Project Management 4 Modern Project Management 1950 and Beyond New techniques and innovations New techniques and innovations Cost estimating Cost estimating Cost management Cost management Engineering economics Engineering economics Hans J. Lang - Lang Factor, a cost estimating technique Hans J. Lang - Lang Factor, a cost estimating technique Lang Factor - ratio of the entire cost of implementing a process Lang Factor - ratio of the entire cost of implementing a process Estimate installation costs for factories, plants, and equipments Estimate installation costs for factories, plants, and equipments

Course on Project Management 5 Modern Project Management 1950 and Beyond New techniques and innovations New techniques and innovations Cost estimating Cost estimating Cost management Cost management Engineering economics Engineering economics Hans J. Lang - Lang Factor, a cost estimating technique Hans J. Lang - Lang Factor, a cost estimating technique Lang Factor - ratio of the entire cost of implementing a process Lang Factor - ratio of the entire cost of implementing a process Estimate installation costs for factories, plants, and equipments Estimate installation costs for factories, plants, and equipments

Course on Project Management 6 Modern Project Management 1950 and Beyond New techniques and innovations New techniques and innovations Cost estimating Cost estimating Cost management Cost management Engineering economics Engineering economics Hans J. Lang - Lang Factor, a cost estimating technique Hans J. Lang - Lang Factor, a cost estimating technique Lang Factor - ratio of the entire cost of implementing a process Lang Factor - ratio of the entire cost of implementing a process Estimate installation costs for factories, plants, and equipments Estimate installation costs for factories, plants, and equipments

Course on Project Management 7 Modern Project Management 1950 and Beyond New techniques and innovations New techniques and innovations Cost estimating Cost estimating Cost management Cost management Engineering economics Engineering economics Hans J. Lang - Lang Factor, a cost estimating technique Hans J. Lang - Lang Factor, a cost estimating technique Lang Factor - ratio of the entire cost of implementing a process Lang Factor - ratio of the entire cost of implementing a process Estimate installation costs for factories, plants, and equipments Estimate installation costs for factories, plants, and equipments

Course on Project Management 8 Modern Project Management 1950 and Beyond New techniques and innovations New techniques and innovations Cost estimating Cost estimating Cost management Cost management Engineering economics Engineering economics Hans J. Lang - Lang Factor, a cost estimating technique Hans J. Lang - Lang Factor, a cost estimating technique Lang Factor - ratio of the entire cost of implementing a process Lang Factor - ratio of the entire cost of implementing a process Estimate installation costs for factories, plants, and equipments Estimate installation costs for factories, plants, and equipments

Course on Project Management 9 Modern Project Management 1950 and Beyond Project Portfolio Management Project Portfolio Management Harry Markowitz Harry Markowitz Focus on highest return Focus on highest return

Course on Project Management 10 Modern Project Management 1950 and Beyond Project Portfolio Management Project Portfolio Management Harry Markowitz Harry Markowitz Focus on highest return Focus on highest return

Course on Project Management 11 Modern Project Management 1950 and Beyond Project Portfolio Management Project Portfolio Management Harry Markowitz Harry Markowitz Focus on highest return Focus on highest return

Course on Project Management 12 Modern Project Management 1950 and Beyond F. Warren McFarlan F. Warren McFarlan Information technology project selection Information technology project selection Risk-based Risk-based F. Warren McFarlan

Course on Project Management 13 Modern Project Management 1950 and Beyond F. Warren McFarlan F. Warren McFarlan Information technology project selection Information technology project selection Risk-based Risk-based F. Warren McFarlan Completing the project right.vs. Doing the right project

Course on Project Management 14 Modern Project Management 1950 and Beyond Refined costing estimating techniques. Refined costing estimating techniques. “Guthrie Factors” - module estimating technique “Guthrie Factors” - module estimating technique American Association of Cost Engineers American Association of Cost Engineers Total Cost Management Total Cost Management From AACE International’s “Total Cost Management Framework” published 2006.

Course on Project Management 15 Modern Project Management 1950 and Beyond Refined costing estimating techniques Refined costing estimating techniques “Guthrie Factors” - module estimating technique “Guthrie Factors” - module estimating technique American Association of Cost Engineers American Association of Cost Engineers Total Cost Management Total Cost Management From AACE International’s “Total Cost Management Framework” published 2006.

Course on Project Management 16 Modern Project Management 1950 and Beyond Refined costing estimating techniques Refined costing estimating techniques “Guthrie Factors” - module estimating technique “Guthrie Factors” - module estimating technique American Association of Cost Engineers American Association of Cost Engineers Total Cost Management Total Cost Management From AACE International’s “Total Cost Management Framework” published 2006.

Course on Project Management 17 Modern Project Management 1950 and Beyond Refined costing estimating techniques Refined costing estimating techniques “Guthrie Factors” - module estimating technique “Guthrie Factors” - module estimating technique American Association of Cost Engineers American Association of Cost Engineers Total Cost Management Total Cost Management From AACE International’s “Total Cost Management Framework” published 2006.

Course on Project Management 18 Modern Project Management 1950 and Beyond Refined costing estimating techniques Refined costing estimating techniques “Guthrie Factors” - module estimating technique “Guthrie Factors” - module estimating technique American Association of Cost Engineers American Association of Cost Engineers Total Cost Management Total Cost Management From AACE International’s “Total Cost Management Framework” published 2006.

Course on Project Management 19 Modern Project Management 1950 and Beyond From the Project Management Institute –

Course on Project Management 20 Modern Project Management 1950 and Beyond E. A. “Ned” Engman J. Gordon Davis, PhD From the Project Management Institute – Susan Gallagher James R. SnyderEric Jenett Five Founders of PMI Five Founders of PMI

Course on Project Management 21 Modern Project Management 1950 and Beyond E. A. “Ned” Engman J. Gordon Davis, PhD From the Project Management Institute – Susan Gallagher James R. SnyderEric Jenett Five Founders of PMI Five Founders of PMI

Course on Project Management 22 Modern Project Management 1950 and Beyond PM industry PM industry Modern tools Modern tools Define project management Define project management Wide spread application Wide spread application From the Project Management Institute –

Course on Project Management 23 Modern Project Management 1950 and Beyond PM industry PM industry Modern tools Modern tools Define project management Define project management Wide spread application Wide spread application From the Project Management Institute –

Course on Project Management 24 Modern Project Management 1950 and Beyond PM industry PM industry Modern tools Modern tools Define project management Define project management Wide spread application Wide spread application From the Project Management Institute –

Course on Project Management 25 Modern Project Management 1950 and Beyond PM industry PM industry Modern tools Modern tools Define project management Define project management Wide spread application Wide spread application From the Project Management Institute –

Course on Project Management 26 Modern Project Management 1950 and Beyond Rapid developments Rapid developments IT industry IT industry Globalization Globalization Within scope, schedule and cost constraints Within scope, schedule and cost constraints

Course on Project Management 27 Modern Project Management 1950 and Beyond Rapid developments Rapid developments IT industry IT industry Globalization Globalization Within scope, schedule and cost constraints Within scope, schedule and cost constraints

Course on Project Management 28 Modern Project Management 1950 and Beyond Rapid developments Rapid developments IT industry IT industry Globalization Globalization Within scope, schedule and cost constraints Within scope, schedule and cost constraints Helped transform the field

Course on Project Management 29 Modern Project Management 1950 and Beyond Rapid developments Rapid developments IT industry IT industry Globalization Globalization Within scope, schedule and cost constraints Within scope, schedule and cost constraints Helped transform the field How is your project management coming along?

Course on Project Management 30 Today Standardized techniques and processes Standardized techniques and processes Management technique Management technique

Course on Project Management 31 Today Standardized techniques and processes Standardized techniques and processes Management technique Management technique

Course on Project Management 32 Evolution of Project Management Individual efforts Widespread acceptance

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

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

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

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

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