They are the most powerful visual in project management. Fayol is often recognized as the originator of modern project management methods.Ī Gantt chart is a type of bar chart that illustrates a project schedule. Part of these new and important principles were five management functions that became the foundation of modern project management. However, project management as a practice started to evolve in the early 20 th century when engineering and manufacturing businesses sought better management methods and new ways to improve productivity.ĭuring this time a director for a French mining company, Henri Fayol, pioneered his principles of management. Various forms of project management date back to ancient structures like the Pyramids of Egypt or the Great Wall of China. The practice of using illustrations and diagrams to represent complex data or to simplify processes, so it is easier for businesses and their employees to plan, execute and control projects. They use project management tools and techniques to successfully move work forward, on-time and on budget. Project managers are responsible for the delivery of all components of a project. Project Management is the planning and execution necessary to achieve goals and objectives within an organization.
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