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The Advantages And Disadvantages Of Traditional Project Management Methods

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In its modern form, project management dates back to the early 1950s, although its roots go further back to the latter years of the 19th century. As businesses realised the benefits of organising work around projects - recognising the critical need to communicate and co-ordinate work across departments and professions - a defined method of project management emerged.
Many organisations today don't employ full-time project managers. Indeed, it's common to pull together a project team to meet a particular need, one that usually involves producing an end product or service that benefits the organisation or effects change. The end result can be tangible or intangible.
Getting to that end result, successfully, is what project management is all about. At its core, then, project …show more content…

They are not tool specific. In today's software-reliant world, the reality is that the methodology and the organization's project management software tool are often heavily intertwined. Complication and sophisticated client expectations of the latest projects reveal the flaws of traditional project management methods. In addition usually project managers are expected to make a sense of balance between client expectations and business interests and also to improve the end product, decrease cost and duration of the project (Project Management Institute 2005). The disadvantages of traditional project management method are listed below.
Often, a triangle, commonly called the "triple constraint", is used to summarise project management (see Figure 1). The three most important factors are time, cost and scope. These form the vertices with quality as the central theme.
More recently, the project management triangle has given way to a project management diamond - with cost, time, scope and quality as the four vertices and customer expectations as a central theme (see Figure

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