Improving key competencies of project managers

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings Efficiency of project managers demands competence in many areas. Through appropriate development in different dimensions of core self-evaluation and cultural intelligence, companies can strengthen these manager competencies and enhance overall performance. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

A new fuzzy multi-criteria decision-making approach for risk assessment of competitors’ cooperation in new product development projects

Purpose This study aims to identify and accurately assess the risk factors of competitors’ cooperation in the NPD project. Design/methodology/approach New product development (NPD) is essential to the survival of companies and surpassing other competitors. A key prerequisite for the success of an NPD project is the timing of new product delivery to the market. The main challenge faced by many project managers is the delay in execution and completion phases due to the complex nature and uncertainty of these projects. Rival companies' cooperation reduces the time spent on an NPD project which is an excellent way to reduce the risk of losing the market, but it increases other risk factors. Findings Based on the results, the security and confidentiality of innovation, the competitors attracting human resources and the company’s brand credibility factors were ranked higher than other factors and should be predicted and managed before cooperating with competitors. Originality/value This paper proposed a new model to assess risk factors in cooperation with rival companies in NPD projects. This model takes into account new parameters, for example, negative and positive risks, negative and positive passable risks and risk-based multi-objective optimization by ratio analysis plus full multiplicative form methodology for the rival companies cooperation in NPD projects. To evaluate the efficiency of the proposed model, a real case of the R&D unit of Iran Khodro Company was studied.

Corporate memory dynamics in project-based organizations (PBOs): multiple case study in Brazilian engineering design firms and a framework proposal

Purpose This study aims to investigate how the processes of memory acquisition, retention, retrieval and application occur in project-based organizations (PBOs). In this kind of organization, the nature of corporate memory is influenced by the transience, uniqueness and independence of the project portfolio. Such understanding may help practitioners to mitigate the effects of project transience and promote knowledge sharing among project teams. Design/methodology/approach An empirical and qualitative study was carried out through a multiple case study approach conducted in three Brazilian Engineering Design Firms, which are organized by projects. Document analysis, direct observation and semi-structured interviews with engineers, project managers and executives were conducted. Findings The memory acquisition process takes place in five forms which have different sources and destinations when comparing PBOs with traditional organizational settings. Memory retention in PBOs crosses organizational boundaries and establishes a knowledge network of former employees and third parties. The PBOs project memory can be divided into volatile and perennial memory, where the former can be lost throughout project execution and the latter is internalized, becoming an inseparable part of the corporate memory. Memory retrieval in PBOs is also distinct since it has particular mechanisms depending on whether the knowledge is technical or administrative. Originality/value The research investigates the corporate memory processes within the volatile context of PBOs in a Latin-American developing country whose culture favors tacit knowledge exchange. The paper proposes a framework that unveils different patterns of knowledge acquisition, temporary and perennial retention structures, intensive usage of external knowledge in memory retrieval and particular memory applications in PBOs. The framework may guide scholars, project managers, engineers and practitioners in navigating through the uniqueness of organizational learning flows and structures in PBOs

The Expectations of Project Managers from Artificial Intelligence: A Delphi Study

Artificial intelligence (AI) technologies are rapidly developing these days and are expected to impact the field of project management on multiple levels; however, there remains a high level of uncertainty regarding the effect that AI might have on project management practices. This article aims to address this topic based on a Delphi study with a panel of 52 project management experts who reflected on future potential AI applications for the project management Knowledge Areas. The article provides a visionary perspective that can be further translated into practical solutions in the near and far future to improve project management practices.

Critical Factors Responsible for Time Overruns in Nigeria Building Construction Industry

Time overruns are major problems facing the Nigerian construction industry. It’s of high concern to those who are involved in the construction industry. This study was carried out to identify the major causes of time overruns in the Nigerian building construction industry, by means of a literature review and a questionnaire survey. A total of twenty (20) time overrun causative factors were obtained from the literature. The questionnaire survey was distributed to randomly selected respondents from a combination of clients, consultants, contractors, site engineers, project managers and sub-contractors. In all, one hundred and forty-one (141) questionnaires were distributed to randomly selected respondents (clients, consultants, contractors, site-engineers, project-managers and sub-contractors), one hundred and thirty-two (132) questionnaires were returned out of which three (3) questionnaires were found incomplete and invalid. Only one hundred and twenty-nine (129) questionnaires were found consistent and valid for use in this research. Relative Importance Index (RII) and Severity Index were used to carry out a ranking analysis. Based on the data received, the five (5) most severe factors influencing project handling overtime in Nigeria construction industries are Inaccurate evaluation of projects time/duration (91.9%), Risk and uncertainty associated with projects (91.6%), Complexity of works (87.6%), Weak regulation and control (86.8%) and Lack of financial power with severity (86.3%).

Impact Assessment for Sustainable Project Management And Pension Funds Projects Performance In Kenya

Sustainability is an evolving area of research and is grabbing the attention of corporations, research communities, and regulatory bodies worldwide which had enhanced its implementation. The prevailing trend towards economic growth in developing countries has resulted in a huge demand for delivering construction projects which in turn has overshadowed sustainability concerns. Consequently, project managers in developing countries are lagging in embracing the concept of sustainability in managing projects. Specific focus has been given to construction projects in the pension industry in Kenya. To address this challenge, the paper explored sustainable project management based on a comprehensive literature review through a desk review of numerous academic journal articles to evaluate pension funds projects performance. Three theories were used to provide a foundation for the sustainable project management practices: stakeholder theory, the Triple Bottom Line (3BL) concept which captures the essence of sustainability and theory of risk management. The study established that current project management practices of Kenyan Pension Funds do not always ensure project success that secure desired market returns on these investments. As the pension schemes are also expected to continue to invest in alternative assets given the broadening of the allowable investment categories and to take advantage of the public infrastructural projects under the big four agenda (RBA, 2021), it becomes paramount to identify and implement sustainable project management practices for performance of the pension funds projects. The outcome of this research showed that sustainability goals and environmental and social impact assessment contribute towards pension funds projects performance. The moderating effect of the regulatory framework was determined to be supportive towards sustainable pension funds projects performance.

MMT

This paper presents the Metrics Monitoring Tool (MMT) that was developed in university graduate and undergraduate courses on software project work in 2014-2016. The tool aims to support project members, project managers and upper management in reporting and monitoring software and project metrics for their easier and more effective utilization. The paper covers the development process of the tool, evaluation assessment, its current composition and features. The paradigm applied in this study is Design Science Research and the methods for evaluation include prototype, expert evaluation, case study and technical experiment. Data was collected from the tool users by two questionnaires. As a result, MMT was evaluated to ease the metrics handling, while several aspects related to the richness of functionalities and usability still require further development.

Systematic Review of Risks in Domestic and Global IT Projects

The development of information technology projects is no longer limited to the domestic sphere. This study identifies the differentiation of risk categories between global and domestic projects through an exploratory research carried out by means of a systematic literature review. 1367 risks were identified in 37 articles and classified within 22 categories. The major concern regarded in domestic project management was the client (external risk) and scope (internal risk) and, in global project management, the psychic distance (external) and coordination and control (internal). The main difference between the risk categories for each project type refers to the psychic distance category, which was identified almost exclusively in global projects, thus making the external risks more relevant than those in domestic projects. On the other hand, it makes risks such as client, supplier and stakeholders be underestimated. The results indicate that project managers should focus on different risks depending on the type of IT project: global or domestic.

Evaluation of Determinants of Software Quality in Offshored Software Projects

Successful offshoring engagements of Indian software vendors is increasingly dependent upon the quality of the projects delivered rather than cost considerations. However, delivering quality software is reliant on effective management of various organizational, technological and people aspects. This research is to identify and evaluate the determinants of quality on software projects delivered by vendors through offshoring. Data related to recently completed projects were collected through a survey of 440 project managers from Indian vendors. Based on structural equation modeling, the authors analyze the influence determinants on specific product quality attributes. It is found that, out of six determinants, technical infrastructure and process maturity have significant influence on most of the attributes of quality in offshored IS projects from India. The authors provide a set of implications for practice and directions for further research.