University of agribusiness and rural development, Fiscal policy, globalization and economic growth: sustainable development challenges and perspectives

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Suzana Zikovska

Last modified: 2020-02-27


Project management is necessary for many companies that expand their product assortment in their own country and abroad. The advantages, the new approach to the implementation of projects brings, are: short time of realization, fast and easy adaptation to a changing environment, able to manage multiple activities, better focus the problems of customers, easy identification of responsibilities for activities, innovations in organizational structure, better coordination and others.

Project management is performed through a series of processes, which are presented as separate elements with defined interconnections. Project management defines five most widely used groups, Initiation, Planning, Realization, Monitoring and Control and Closing. An analysis of the processes, of their subprocesses and of their interdependence is needed to successfully realize the purpose of the project. Of special interest is the project scope management and the means to define the WBS diagram (Work Brakedown Structure Diagram).

Successful project management depends on the chosen methodology of project management, which describes the way to explore things. The following methodologies have been considered: Project management – (basic principles of planning, deployment and work control); Quality Management – (a process which should ensure that the end result meets the expectations of consumers in terms of quality); Parallel realization – (process of parallel execution of works for the purpose of realization of activities in the short term, without inclusion of additional risks); Change management – process of control of the end result in order to provide additional value for the user; Risk management – process of identification, assessment and response to possible project risks, without affecting the purpose of the project.

Reviewed and analyzed are the characteristics of each methodology and chosen is the best methodology. Characteristics of a good methodology (based on the integration of processes) are: optimal level of detail, standardized technique of planning, easy understanding and monitoring by the user, deployment and control of costs, possible use in all projects, opportunity for advancement, acceptability by the whole company, and using standardized phases of the life cycle of the project, based on good work ethics.

According to Kerzner, the projects do not manage the methodologies, but what one methodology makes it a more successful one is the organizational culture, which creates confidence in the methodology.


project, project management, project management methodology, risk management, quality management, project scope