It's time to re-engineer project management

Project management was founded during the era of highly rigid and structured corporate environments. But the challenges of competing in today's increasingly global markets are driving organizations to re-engineer their environments, and as a result, establish, flatter, more flexible organizational models. This article recommends why project management should also re-engineer its framework and practices for managing projects. In doing so, it overviews the evolution of modern project management since the 1950s; it explains the changing context of the contemporary business environment and the shortcomings in the current approach to practicing project management. It then discusses how information technology is changing business and proposes how project management can keep up with these changes.
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