Abstract
The key objective of the given study is to comprehend various aspects of project management and their application in the Palm Islands project in Dubai. In the initial section of the report we will present in detail the evolution of project management into a full fledge discipline of management studies. We then move further to understand various tools devised for the purpose of project management like NPV, PRINCE2. Moving further, we will then take a look at the Palm Islands Dubai and try to assess the human resource requirements in terms of their organizational structure, leadership abilities etc. Finally, we will device a project management strategy in order to construct a hotel on the Palm Islands Dubai using the various tools of project management.

Task 1: Project Management Principles – An Understanding
Task 1.1 :Project Management As A Discipline.
The initiation of project management as an altogether distinct discipline in the area of management studies began with a formulation by Henry Gantt in early 1900’s i.e. Gantt Chart. Gantt chart till date happens to be one of the very popular project management tools used. They are widely used due to their importance in the field of project planning and control. The further development in the field of project management began with the advent of increasingly complex projects and the need of the market to make the project competitive in terms of time and money consumed. It was this competitive pressure of the market of the that era that triggered the growth in the field of project management which now allows us to handle complex projects with better ease and control. (Nokes & Sebastian, 2007)
The modern age practise of project management began to evolve early in the 1950s’ due to the advent of largely complex projects which involved dealing with various disciplines of engineering like civil,