Project management is the art of maximizing internal efficiency and boosting profits. In the past, companies viewed project success as meeting budgetary, schedule, and technical goals. Today, companies recognize that customer satisfaction is the most important measure of a successful project. Without customer satisfaction, firms may be doing things the wrong way.
Project management has proven to be an effective management tool in many organizations. It helps organizations respond more quickly to opportunities and threats in the business environment. It streamlines new product development and improves internal operations. It is a vital component of today’s global organizations. Using effective project management techniques can help businesses increase productivity, increase profitability, and achieve technological breakthroughs.
To be successful, project management should support business strategy. It should have general guidelines and principles and be based on PDCA (Plan-Do-Check-Act) methodology. It should also take into account the overall strategy and organisation as a whole.
This latest edition of Cutting-edge Theory of Project Management: Achieving Competitive Advantage combines cutting-edge theory with current case studies and research to provide a modern approach to project management education. It covers the full spectrum of project management principles, with detailed exercises to illustrate them. The book also includes case studies based on real-world situations, which illustrate how to apply project management principles to different situations.
Project management has a key role in supporting the overall business strategy. Therefore, it is essential to define general guidelines and use the Plan-Do-Check-Act (PDCA) concept when managing projects. These guidelines should take into account the organisational strategy. The goal is to achieve competitive advantage through a holistic process that incorporates the organisation’s strategic vision.
The fourth edition of Project Management: Achieving Competitive Advantage takes a contemporary approach to the study of project management, blending contemporary case studies and theory with practical exercises to provide a comprehensive perspective on the project management process. The book is organized to help the student learn all aspects of the project management process.
The book presents an approach that addresses the needs of the advanced student. It provides an overview of the field’s key concepts and practices, including both niche and established segments. The book also explains the most common challenges facing managers, including balancing competing demands. It also provides the tools necessary to evaluate projects in real time, which is an essential skill for the project manager.
A Contextual approach to project management is a critical element of effective project management. The context of a project, including its structure and strategy, plays a vital role in the success of a project. This book addresses these important aspects in a fresh and contemporary way. You will be introduced to the latest tools, technologies, and best practices for project management. This book will help you understand the importance of context in achieving competitive advantage.
A strategic and leadership perspective is necessary for successful project management. The impact of change and innovation must be considered at all times. Several shortcomings of traditional project management are discussed, and the context for building a SPL approach is discussed. The paper describes the major concepts, planning components, and managerial implications of an SPL approach.