13Project Management's Role in Life Cycle Costing
13.1 INTRODUCTION
Formal project management (PM) probably predates the construction of the Egyptian pyramids (El-Marashly, 1990). With the introduction of the Gantt chart in the 1910s, Program Evaluation and Review Technique or PERT by the US Navy in the 1950s, and modern software such as Microsoft Project and Primavera, our ability to plan and track complex projects has grown dramatically. With over 1,000,000 individuals certified as project management professionals (PMP) by the Project Management Institute (PMI), most universities offering graduate degrees in PM, and over 38,000 results for a search of PM books on Amazon, few will argue that formal PM has become ...
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