Impact of Industry 4.0 on agile project management

Vijaya Dixit and Upasna A. Agarwal

Chapter 18 in Research Handbook on Project Performance, 2023, pp 254-264 from Edward Elgar Publishing

Abstract: The fourth industrial revolution due to Industry 4.0 has brought profound and lasting changes in the economy and society, which in turn has resulted in the evolution of Project Management 4.0. In the new version, the entire stage of project lifecycle right from project initiation, planning, execution, monitoring and control are performed by utilizing Industry 4.0 technologies. The purpose of this chapter is to discuss the impact of Industry 4.0 on project management’s ten knowledge areas and the role of agile project management. The chapter is also focussed on the changing and evolving role of human resource processes in terms of ability, motivation and opportunity (AMO) mechanisms. Application of these technologies are likely to overcome the challenges of trade-off issues associated with cost, quality, schedule and scope in the context of project management thereby leading to enhanced project performance. The chapter concludes by setting proposing research direction.

Keywords: Business and Management; Economics and Finance; Geography; Innovations and Technology; Urban and Regional Studies (search for similar items in EconPapers)
Date: 2023
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