Methods of management of international projects in companies

Alla Dunska and Iryna Kharchenko
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Alla Dunska: National Technical University of Ukraine "Igor Sikorsky Kyiv polytechnic institute"
Iryna Kharchenko: National Technical University of Ukraine "Igor Sikorsky Kyiv polytechnic institute"

Economic Synergy, 2023, issue 4, 70-86

Abstract: The expansion of international activities of companies requires additional attention to the use of modern and effective methods of international management. The international business environment is constantly changing, and becoming more competitive, which makes it necessary to generate and implement new, non-standard ideas, the implementation of which takes place through international projects. International project management focuses on a specific task, has greater flexibility and speed of response, takes into account risk management, and provides better control over the budget, efficiency, and effectiveness. For effective management of international projects, it is advisable to use special methods that take into account both the specifics of international activity and the stage of the project's life cycle. So, the article is devoted to the study of various methods used by managers and project teams to successfully manage international initiatives in a corporate environment and strengthen the company's competitive position in the international market. The article highlights the specifics of managing international projects and examines current methods used in managing international projects such as SWOT Analysis, Assumptions Analysis, Delphi Technique, Brainstorming, Bottom-up Estimating, Rolling Wave Planning, PERT Analysis, Decision Tree Analysis, Schedule Network Analysis, Decomposition, Precedence Diagramming Method, Resource Leveling, Expected Monetary Value Analysis, Sensitivity Analysis, Critical Path Methodology, Critical Chain Method, Monte Carlo Analysis, Fast Tracking, Variance Analysis, Failure Mode and Effect Analysis, Earned Value Technique, Learned Lesson. Proper selection and utilization of international project management methods, and understanding the strengths and weaknesses of each, will enable the company to successfully execute an international project and achieve maximum results from its implementation.

Keywords: project; management of international projects; methods of international project management (search for similar items in EconPapers)
JEL-codes: M11 O20 O22 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bja:isteus:y:2023:i:4:p:70-86

DOI: 10.53920/ES-2023-4-5

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