Success Factors in Project Management and Their Relevance for Corporate Development

Research Paper (undergraduate) from the year 2010 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, Steinbeis University Berlin (Institut eBusiness & Management), course: Business Administration, language: English, abstract: The aim of this study is to show how - from a scientific point of view - projects should be planned and implemented so that the failures that often occur in practice can be avoided. The company's success can thus be increased by significantly increasing the number of successful projects. In addition, by promoting the project culture in the company and by shaping the corporate strategy accordingly, the company's development can be further improved. First, it is explained what is understood as a project in modern business life - both from a business and a technical point of view - and what the tasks of project management are. This also makes it clear which projects are not projects and should therefore be rejected from a project management point of view in order to avoid project failures right from the start. After these prerequisites have been clarified, the comprehensive and correct implementation of project management for a project is shown in all important facets. All essential steps of a correct project implementation are presented in the correct chronological sequence. By comparing this approach with failed projects, the reason for failure can often be easily and quickly identified. Doing the things right', i.e. the correct management of projects, is demonstrated. Differences in the internationally used project management methods are also discussed. Building on this, the next step is to explain how multi-project management should be sensibly carried out with a large number of projects running in parallel in a company and integrated into the corporate strategy. In this way, corporate development can be shaped through management by projects.