Best Practices and Implementation Challenges in Effective Project Management

Sreekumar Menon

International Business Research, 2024, vol. 17, issue 2, 66

Abstract: The purpose of this research paper is to explore the most effective project management practices and analyze the challenges organizations face during their implementation. By adopting best practices, organizations can avoid common mistakes and achieve the best possible project outcomes. This process involves establishing a Project Management Office (PMO) as the project's central hub, selecting an appropriate methodology, developing project manager competencies, and managing change and risk effectively. Additionally, assessing implementation challenges based on a critical success factor approach can help organizations overcome common issues and lead the project to success. These challenges include barriers such as unsupportive top management, ineffective stakeholders, PMO inefficiency, insufficient project planning, and factors related to people. By tackling these challenges, organizations can build a solid foundation for their projects and ensure they are on the right track to accomplish their goals.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ibrjnl:v:17:y:2024:i:2:p:66

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