prjct mngmnt ffc (slly bbrvtd t PM) s grp r dprtmnt wthn bsnss, gvrnmnt gncy, r ntrprs tht dfns nd mntns stndrds fr prjct mngmnt wthn th rgnztn. Th PM strvs t stndrdz nd ntrdc cnms f rpttn n th xctn f prjcts. Th PM s th src f dcmnttn, gdnc, nd mtrcs n th prctc f prjct mngmnt nd xctn.
Drlng & Whtty (2016) nt tht th dfntn f th PM's fnctn hs vlvd vr tm:
Th 1800s prjct ffc ws typ f ntnl gvrnnc f th grcltrl ndstry.
n 1939 th trm "prjct mngmnt ffc" ws sd n pblctn fr th frst tm.
Th 1950s cncpt f th PM s rprsnttv f wht cntmprry PM lks lk.
Tdy, th PM s dynmc ntty sd t slv spcfc sss.
ftn, PMs bs prjct mngmnt prncpls n ndstry-stndrd mthdlgs sch s PRNC2 r gdlns sch s PMBK.