Project management has evolved over time, becoming the principal mean of dealing with change in modern organizations. Best practices have occurred as a result of business evolution and of practicing project management at a global level. Best practices in project management, if followed, increase...

The agile New Product Development (NPD) process is a complex and integrated process wherein all of its main factors have cause-and-effect relationships. A Fuzzy Cognitive Map (FCM) can be successfully applied to show the cause-and-effect relationships between the essential components in this...

For a project manager, it is vital to build good relations with the stakeholders who are identified as being most crucial in the project process and in using the final results of the project. The purpose of this paper is to study relationships in an engineering project setting; more...

This paper provides practical suggestions on how to integrate responses to global environmental threats into policies and projects in developing countries. It does so on the basis of an expert survey both among general development policy practitioners who have in the past been involved in...

The need of control and optimise the supply chain is now crucial for the firm operating in the actual economic environment. Some aspects such as globalisation, heavy dependence on transportation, communication infrastructures and lean manufacturing have led an increase in the vulnerability of...

Traditionally, a successful project was seen as one in which the triad of time, budget and specifications was complied with at a profit. Current project literature places great emphasis on customer satisfaction as a fourth important success parameter. This paper discusses project management...

The pressure on businesses to incorporate the principles of sustainable development into policies and activities is mounting. Project management methodologies are not excluded from this pressure. The current project management frameworks do not effectively address the three goals of sustainable...

The paper deals with elements concerning the application of the new “real options” approach system in project management of small and medium sized companies. The real option approach has the advantage of a great flexibility when a high degree of uncertainty is present. Also, it suggests to...