The key to project management was the development of a whole new toolkit for project managers. New tools, such as Program Evaluation and Review Technique (PERT) and Critical Path Method (CPM), earned value analysis, work breakdown structure, and cost benefit analysis were quickly worked into new project management processes to supplement the abilities of the project manager. management responsibilities. When an organization has competent staff, but is uncomfortable with the level of risks in the project, the organization usually retains the project management responsibilities and out sources selected and specialized project management support services, such as cost control, procurement, or construction management, to supplement in house management of the inherent risks.
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