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Abstract of The Growth Of Markets Internationally

Category: Business & Management Paper Type: Report Writing Reference: N/A Words: 400

        The growth of markets internationally and the increase of globalization made organizations struggle with the high competition. Thus, companies have started to offer advantages such as a customization of products and services to potential clients. Market situations and legal policies can make it difficult to predict if those advantages can be appreciated. Project managers are usually in the situation of having to satisfy these requirements; in constantly shifting influencing factors that make tasks challenging to manage. These conditions create complication. Often, managers are not aware that complication has created problems in a specific project. Frequently, the traditional standards of project management are no longer offer a sufficient support to managers of complicated projects.

        This paper studies how existing standards of project management address complication, and if a complement is necessary. Complication enablers are investigated. A standard Project Management Institute (PMI) is chosen as an example to examine the influence of enablers on PM-processes. A linking guide is developed based on the research findings. The goal is to support managers in their daily practice and help them in categorizing the complication of their projects. Based on that, managers must be able to recognize the actual enablers of complication and the processes of the project that are affected. Lastly, a possible adjustment of the standard is investigated. A proposal for a new comprehensive guide is suggested to support managers to carry out complicated projects.

        The main managerial implication of this paper is the integration of a five-stage approach for dealing with complication in projects: forming, storming, norming, performing, and adjourning. Additionally, the aim of the research is to make a valid contribution to management literature. For dealing with complication, the new link will close the gap between the recognition of complication in a projects and original causes. The new five-stage approach therefore provides project managers supportive guidelines for dealing with completed projects.

        The research applies qualitative method, consisting of interview of experienced project management professionals (PMP) in Saudi Arabia. Complication is a real problem in project management. Current standards are sufficient for project management, but complication cannot be standardized. This research proposes to support project managers to solve project complication by providing guidelines for navigating over completed projects. Based on the modelcreated by Tuckman in 1965 that gave developmental sequences in different/ small groups some adjustment was proposed, and the recommendation is to use it for handling complicated projects.

 

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