To find out how a project is run and works project success must be looked at in totality to determine what are the success factors that these project management organisations want to achieve overall, 'a successful project'. Project must be run successfully and how this success is brought about must also be researched to determine if project managers can manage projects in other sectors successfully.
It can often be easy to ask the question 'why don't project management organisations branch out into other sectors' but the risk associated with the move must also be researched. It may be possible that the risk outweighs the benefits in some circumstances.
In principle the success of a project should be determined by the satisfaction of the end use, often the project owners. This argument is fundamental to this paper's discussion. The issue of whether a manager is able to successfully move across sectors will impact their performance on each project. The converse of this argument is that those that have spent the majority of their professional career focusing on a sector will be able to offer a deeper and more specialised array of skills that will prove invaluable to the project owners. ...
The converse of this argument is that those that have spent the majority of their professional career focusing on a sector will be able to offer a deeper and more specialised array of skills that will prove invaluable to the project owners. These concepts will be the foundation of the discussion of results later in the paper.
An expansion on these arguments is considered when looking into the risk associated to companies for employing individuals with various backgrounds. One consideration is that companies that employ such people will be able to react much better to fluctuation of market sector economic strengths. For example the rise and fall of technological companies in the mid 1990's would have seen the increase of technological projects giving rise to profits and growth of project management companies. However when the bubble burst those companies that reacted immediately to the sector's demise, were able to utilise additional skills that their staff would have had, relating to successful diversification of risk.
This section will now focus on the literature review; the review is a careful examination of the literature pointing towards the answers to the research question. A literature or a body of literature is a collection of published research relevant to a research question. All good research and writing is guided by a review of the relevant literature (UISE 1999).
The focal point of this chapter will be to carry out extensive literature review on all related topics associated with 'barriers for project management organisations branching out into other industries'. The rationale of this section is to review the