Managing projects: The role of leadership and organization's management style

George Ekonomou and George Halkos

MPRA Paper from University Library of Munich, Germany

Abstract: Project management, a methodological approach that has gained the trust of many organizations, is significantly influenced by leadership and management style, playing a vital role in project success. This discussion paper attempts to underscore the role of leadership and management style in delivering projects. The interdisciplinary nature of many projects, whether in the economic system or in various research domains, is a testament to the complexity and challenge of project management. This complexity and challenge, arising from the need to navigate multiple disciplines, underscores the importance of a balanced leadership and management style. Many projects fail, or in contrast, many projects succeed based on the balance of two central concepts: efficiency and effectiveness. In turn, these concepts mirror how leadership skills can balance management styles and project requirements to plan, implement, control, monitor, and deliver projects, gaining customer satisfaction. This is significant since various roles & duties, responsibilities, and accountabilities interconnect in different hierarchical levels across multiple disciplines. Consequently, each project might describe a different situation in which project management skills should find a place to be applied without conflicts, delays, and overconsumption of resources.

Keywords: Leadership; management, efficiency; sustainability. (search for similar items in EconPapers)
JEL-codes: D60 D61 M12 O22 Q56 (search for similar items in EconPapers)
Date: 2024-08-19
New Economics Papers: this item is included in nep-ppm
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