Resumen de Analysis of the Relevance of Contextual Factors While Selecting thePM Approach
Due to increased complexity in the business arena, the complexity in managing projects increases andthe delivery of a successful project becomes a challenge. Success itself becomes elusive, due to theincreased need for interdisciplinary, cross-country collaboration on projects. Therefore, selecting theappropriate project management (PM) approach to ensure the project success is influenced by variousfactors. Researches in the past leaned towards a universal project management approach that is veryclassic in all senses. However, recent studies show the need for adapting the project managementapproach in order to maximize the project success rate. In our paper, we have looked at the context of aproject and analyzed the relevance of contextual factors in respect to decision making regarding thechoice of suitable PM approach. Based on a literature review and comparative analysis of case studieswe found that depending on the project context, the PM approach has varied time to time. The mostsuccessful results can be derived from the PM approach when it is chosen on situation specific mannerand altered by considering the influencing contextual factors.
