Project management has evolved from a management philosophy restricted to a
few functional areas and regarded as something nice to have to an enterprise project management system affecting every functional unit of the company. Simply
stated, project management has evolved into a business process rather than merely
a project management process. More and more companies are now regarding project management as being mandatory for the survival of the firm. Organizations
that were opponents of project management are now advocates. Management educators of the past, who preached that project management could not work and
would be just another fad, are now staunch supporters. Project management is
here to stay. Colleges and universities are now offering undergraduate and graduate degrees in project management.