Project Management main phases (Photo credit: Wikipedia)

Monitoring and Control project activities (Photo credit: Wikipedia)

English: VA IT Project Management Framework (Photo credit: Wikipedia)

This article is currently in the FT’s most-read list. It’s a must-read. Check it out!

via How project management turned into a Scrum – FT.com.

The article describes the agile, fast-track processes that have become best-practice in new product design, have now reached project management.

I have long been critical of traditional project management. For a more detailed insight into my views open this link.

Major organizations, like banks and public sector organizations employ millions of project managers around the world, many are contractors, earning inflated fees. There’s another industry in training project managers in traditional out-of-date methodologies, and thousands of recruiters are living as parasites off placing the project managers. Top of the food chain are the major consultancies who are peddling the traditional project management approach as best practice.

If we take the new approach to project management as the standard, I estimate that 90% of the overheads that I described in the previous paragraph  will be designed out.  The potential savings in banks alone will run into billions of Dollars.

As for the hundreds of thousands of project managers and their related parasites, I would suggest that they rapidly reinvent themselves or retire.

Thoughts?