The present study firstly adopts a holistic approach upon the project management (PM) principles that prevail in the relevant business, services, and high-technological environments during the second half of the 20th century. Particularly, this study presents and chronically categorizes existing literature works that are exploring the project management, in combination to other affiliated managerial and administrative tools. The bibliographical overview was implemented through bibliographical databases research during the first half of the year 2011. The outcome of the above research is presented as relevant Table-formatted information. Secondly, a specified project was selected and unfolded in parallel to the above general/holistic approach over the study. Finally, the data collected were categorized in eight sub-groupings revealing that the orientation upon project management in a continuously changing and globally liquefied economic environment is equally determined by human and non-human entrepreneurial characteristics.