Historically, Project Management was an activity that supported engineering related projects in aerospace, defense, and heavy construction. Naturally, most project manager practitioners had advanced degrees in a technical discipline. What has happened is that the role of the PM has changed. Today, Project Management is used to manage the business—think of your entire business as a project. In fact, everything you do can be characterized as a project; therefore, as a PM today you are not only making project based decisions, but also business decisions, whereas in the past, business decisions went to senior management.

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Predictions for the Future of Project Management