The winds of globalization and extraordinary shrinkage of the globe
into a village has made companies and societies to become 'projectised' i.e.
they have got to be faster, better and cheaper to survive. The sun never sets
on the globe. In this new scenario, it is imperative to create high compression
of time to reduce the total time taken from initiating a concept to its
realization. That is why project management as a formal discipline is emerging
as the key area of growth. Rosabeth Moss Kanter of Harvard once said in the
late 90's "There are two disciplines which would dominate the substantial part
of 21st century.. and one of them is project management."