Guide The Business of Projects: Managing Innovation in Complex Products and Systems

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Project Management

They are also grateful for the helpful comments of Steef van de Velde, Donald Gerwin, Ale Smidts and two anonymous reviewers on earlier versions of the paper. Use the link below to share a full-text version of this article with your friends and colleagues.

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Click on an option below to access. Log out of ReadCube. The reasons behind this are the focus of this paper. However, the effects of specific management practices on project performance are different, particularly the effects of planning, multidisciplinary teams and heavyweight project leaders. Differences in firm characteristics provide an explanation for the findings.

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A Management Innovation Approach to Project Planning

Volume 27 , Issue 5. The full text of this article hosted at iucr.

The Business of Projects: Managing Innovation in Complex Products and Systems

If you do not receive an email within 10 minutes, your email address may not be registered, and you may need to create a new Wiley Online Library account. They define the problem at the right level. Next, they generate ideas through brainstorming and discussion.


  1. Project Business?.
  2. Project Business? - Ibs.
  3. The Management of Mutual Funds.
  4. Preconceptual Design - AHTR.

Finally, they select viable alternatives to pursue, design and develop. An effective strategy for managing innovation and technology usually involves making use of comprehensive analysis tools. These tools ensure the team can manage risk to minimize negative impact and exploit opportunities. They also use decision-support tools, such impact analysis and force field analysis, to examine possible outcomes and choose the best solution to a problem.


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  • By calculating the net present value and internal rate of return, the project manager ensures that the effort makes sense from a financial point of view. Net present value represents the difference between cash intake and outflow. The internal rate of return determines the rate of growth for a project.

    Innovation in Access Control - Making Complex Projects Work

    Accurately determining whether the return from an investment might be worth less than investment itself prevents business blunders. For over 25 years she has developed quality training materials for a variety of products and services supporting such companies as Digital Equipment Corporation, Compaq and HP. Her freelance work is published on various websites. Skip to main content.

    Get my own profile Cited by View all All Since Citations h-index 33 25 iindex 48 University of Brighton , UK.

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    Help Privacy Terms. The project-based organisation: an ideal form for managing complex products and systems? M Hobday Research Policy 29 , ,