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Part 6: The rise of project management, techniques and tools

An increase in accountability and visibility of work

As organizations strive to become more competitive within a global market the need to reduce cost, increase efficiencies and ultimately improve margins leads to the increasing need to do more with less. As companies find new ways to consolidate business processes, they may downsize certain functions and transfer the work offshore reducing costs further, but now introducing the challenge of sharing knowledge or expertise to those that need it.

Furthermore, the need to deliver results sooner without increasing the resources required to execute the work requires project teams to become lean and efficient, this can introduce new project management methodologies such as Agile or Six Sigma practices.

Lastly as corporations find the need to constantly adapt to changing economic climates that may be global or regional in nature, management teams tend to be more involved in understanding what their organizations have planned for and have currently committed to ensuring that their organization is aligned with corporate objectives.

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