The document discusses the evolution of project management towards Project Management 2.0 by leveraging emerging technologies and tools. It outlines challenges faced by traditional project management approaches with distributed teams and rigid communication channels. Web 2.0 features like collaboration, crowdsourcing and social aspects can help address these challenges. Project Management 2.0 adopts a bottom-up approach with flexibility, agility and team-driven processes in contrast to the top-down and inflexible nature of traditional project management.