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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 l.jpg

History of Project Management: Post 1950s

Farrokh Alemi, Ph.D.Lee Baliton

Chris Smith


Previous section l.jpg
Previous Section

  • Pre-1950s


Modern project management 1950 and beyond l.jpg
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


Modern project management 1950 and beyond4 l.jpg
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


Modern project management 1950 and beyond5 l.jpg
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


Modern project management 1950 and beyond6 l.jpg
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


Modern project management 1950 and beyond7 l.jpg
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


Modern project management 1950 and beyond8 l.jpg
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


Modern project management 1950 and beyond9 l.jpg
Modern Project Management 1950 and Beyond

  • Project Portfolio Management

    • Harry Markowitz

    • Focus on highest return


Modern project management 1950 and beyond10 l.jpg
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


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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


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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.


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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.


Modern project management 1950 and beyond16 l.jpg
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.


Modern project management 1950 and beyond17 l.jpg
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.


Modern project management 1950 and beyond18 l.jpg
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.


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Modern Project Management 1950 and Beyond

From the Project Management Institute – www.pmi.org


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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


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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


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Modern Project Management 1950 and Beyond

  • PM industry

  • Modern tools

  • Define project management

  • Wide spread application

From the Project Management Institute – www.pmi.org


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Modern Project Management 1950 and Beyond

  • PM industry

  • Modern tools

  • Define project management

  • Wide spread application

From the Project Management Institute – www.pmi.org


Modern project management 1950 and beyond24 l.jpg
Modern Project Management 1950 and Beyond

  • PM industry

  • Modern tools

  • Define project management

  • Wide spread application

From the Project Management Institute – www.pmi.org


Modern project management 1950 and beyond25 l.jpg
Modern Project Management 1950 and Beyond

  • PM industry

  • Modern tools

  • Define project management

  • Wide spread application

From the Project Management Institute – www.pmi.org


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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


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Modern Project Management 1950 and Beyond

  • Rapid developments

    • IT industry

    • Globalization

  • Within scope, schedule and cost constraints

Helped transform

the field


Modern project management 1950 and beyond29 l.jpg
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


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Today

  • Standardized techniques and processes

  • Management technique


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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


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Individual efforts

New methods of charting data

Optimization techniques

Widespread acceptance

Evolution of Project Management


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Individual efforts

New methods of charting data

Optimization techniques

Widespread acceptance

Evolution of Project Management

New method of management


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Individual efforts

New methods of charting data

Optimization techniques

Widespread acceptance

Evolution of Project Management

New method of management


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Take Home Lesson

Project Management is not what it used to be