Abstract
Modern project management is a well-understood discipline that can produce predictable, repeatable results. The methodologies of modern project management are highly analytical, usually requiring automated tools to support them on large projects. Like most other disciplines, it is learned through both practice and past experience. Project management encompasses many different skills, such as understanding the interdependencies among people, technologies, budgets, and expectations; planning the project to maximise productivity; motivating others to execute the plan; analysing the actual results; and reworking and tuning the plan to deal with the realities of what really happens as the project is executed. In order to manage a project and bring it to a successful completion, its project manager must have a complete understanding of the methodologies being used for the management of different parts of the project. Managers prefer specific project methodology, while resist and face difficulties for an opportunity to manage another project with different methodology as they do not know how much commonality exists between the preferred and the new required methodology. This paper discusses the issues involved in modern project management and compares the differences between traditional and modern project management skills and techniques.