2. Modern Era: Modern era of project management emerged at the down of second world war i.e. late 1930s. No one can claim the credit of inventing project management. But major share for the development of techniques and practices of project management belongs to military. The Manhattan Project of USA is assumed as the first project of the world according to modern project management. It developed atomic bomb.
1940s: The project model for managing development in modern sense appeared with the centralized planning model of the Soviet Union in 1930s. Project management emerged before the second world war in 1930s in chemical industries in USA. It was confined to the analysis methods and performance during 1940s