CONTEMPORARY

PROJECT MANAGEMENT
Submitted By
Ahsan Hashmi

Roll #
2161351
MBA 1st Semester Section (A)

Submitted To
Mr. Najmus Saqib Rehmani

DEPARTMENT OF BUSINESS ADMINISTRATION

NCBA&E
2016

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Project Management
Project management is an organized approach that utilizes a sorted out methodology
that uses the fitting customer contribution keeping in mind the end goal to convey
customer necessities that meet expected incremental business value.
A Project Management is the application of unique process and method undertaken
to achieve productive goals and required project outcomes.

History
Early Project management construction incorporated the antiquated pyramids and
medieval houses of prayer when the term was unknown. It has been practiced for
thousands of year but formally project management was introduced by companies in
mid 1950s. Project management has been undertaken by c ompanies to develop
exceptional initiatives and to resolve representative operating problems. Other huge
Project administration has developed from the early activities in the U.S protection
aviation segments in the late 1950s and 1960s into a center competency that is
perceived broadly crosswise over most industry division.
Later project management was explored in books, articles, workshops and programs
investigation and extended task administration and training sessions . A lot of this
fixated on the utilization of devices and procedures e.g.; system booking and
execution administration and hierarchical issues especially center administration.
From the late 1960s to mid-1970s the project administration orders started to give
proficient gatherings to correspondence on the control, essentially through diaries,
meetings, and workshops. This proceeded until the mid-1980s and later Association
for Project Management, set out on projects to test whether individuals met their
benchmarks of project administration polished skill.
Other expert bodies took after with their own particular group of learning in the late
1980s and mid-1990s. A few took after project administration either utilizing the
undertaking administration collection of information aid as the learning component
of their competency appraisal and their task administration guidelines.
In the last few years, people have predicted that communication and leadership play
important roles in project achievement. Rapid growth and changes in the
information technology take place in the field of project management in the last
developing era.

Contemporary Project Management

The Contemporary Project Management practices require customer prerequisites to
be plainly and totally characterized before any planning made. Most contemporary
scholars on the point would recommend that it is difficult to totally and obviously
record prerequisites toward the start of any Project. Whether you agree or not, that
condition is liable to exist in mostly contemporary Projects and there are several

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reasons behind these conditions. These circumstances change demands and their
effect on undertaking administration forms.

Differences between traditional and modern project management

Comparison between traditional project management and present day Project
management in the four perspectives, planning, leading, organizing and controlling
as follows:
Planning
Traditionally Planning was for an undertaking situation comprises principal of
building up the schedules people work, assigning individual tasks, scheduling
vacations and conforming for expected and unexpected time away. Whereas
Modern project planning focuses on separating the aggregate exertion into
assignable units, assessing this work, character izing the most productive request in
which the work ought to be performed, and afterward sending accessible staff to
particular work packets for particular windows of time.
Leading
Traditionally leading any organization requires managers, working in a benevolent
way with their subordinates, offering them some assistance with learning how to
finish assigned work. In Repeating Effort and Continuing Effort, the manager is
regularly the expert master and is completely qualified to perform any work inside
of their administrative space. Whereas Modern Leader work to request singular
commitments, make accord inside of the undertaking group, encourage cooperative
choices and make a situation where it is feasible for individuals on the venture to
perform their work with at least minimum distraction.
Organizing
In Traditional Organization the project manager was primarily linked with
creating a structure within his control that overlook the whole working. They should
safeguard the best possible number and arrangement of representatives to finish the
work in a predictable way. Whereas Modern project manager must setup clear
functions and responsibilities required for the accomplishment of their project.
Organizing a task structure starts with characterizing what is anticipated from the
Project Owner along with every individual from the Project Team .
Controlling
Traditionally Project Controlling was an operational association incorporates
building up hierarchical execution objectives and after that figuring out what every
individual's commitments should be . Individual objectives are measured to insure
that the worker is meeting their objectives. Whereas Modern Controlling single
time efforts are based on productive quality not quantity. It is basic to first check
the consummation of guaranteed deliverable. Target criteria for fulfillment and
quality must be met before a deliverable is viewed as "done." Performance and
efficiency might then be measured by looking at arranged hours, lengths of time,
begin dates and completed dates against the actual.

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References
1- Class Notes
2- Book
Timothy J. Kloppenborg (2012). Contemporary Project Management. South Western,
USA: Cengage Learning.
3- Journal
Attarzadeh, Iman. Modern Project Management: Essential Skills and Techniques.
International Business Information Management Association, Malaysia, 2008.
4- Website
https://www.scribd.com
https://www.projectsmart.co.uk
http://www.projectmanagement.com