This paper presents a study on the progress of project management. Descriptions of projects from 2000 and 2008 are studied. The study concludes that the field of project management is moving ahead. Project team members are more knowledgeable about project work, project objectives are more clearly expressed, project organization is more appropriate, most work processes are improved, and team members experience project work as rewarding and are more motivated for future projects. However, the project results are not fully satisfactory. It is shown that stakeholders' satisfaction could be improved by better decision processes, better management and leadership, and closer cooperation with the stakeholders.