Logical Framework Approach and Way to Conceptualize Project Proposals
Session
Management, Business and Economics
Description
In order to have successful projects, companies are using different project management methodologies. One of the standard and proved logical framework methodologies is PRINCE2 (Project In Controlled Environments) which is de facto standard for project management in UK. Aim of this research is to prove that with implementation of the LFA, projects will have more probability to succeed; failure of the pro-jects will be identified in early stages of the project and products will be delivered with agreed time, quality and cost.
Literature used for this research is PMI, OGC, APM and academic journals. Findings from these research show that there is no evidence of proper risk analyze, decisions during project life cycle are ad hock and that there is not any standard in place for project management. Reasons for project failure are very similar with reasons which are iden-tified by PMI.
Recommendations which are coming from this research are support-ing and justifying implementation of standardized project management methodology and recommended project management methodology.
From this research are identified some questions, which are challeng-ing bodies of knowledge and in a same time are offering base for fur-ther researchers.
In time of globalization and aggressive competition in order to sur-vive many businesses are becoming project oriented businesses. Com-panies are investing a lot in staff which is involved in project manage-ment, despite this fact companies are still facing with big number of failed projects. Most of the projects are failing because their initial pro-ject implementation processes are not clearly defined, risks are not ana-lyzed, project control is missing and because of the lack of validity of the business case. Although there is a set of standards and techniques for project management, in the current era of globalization and estab-lishment of different strategic alliance it seem more appropriate to im-plement standardized logical frameworks.
Session Chair
Naim Preniqi
Session Co-Chair
Muhamet Gërvalla
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-550-19-2
Location
Pristina, Kosovo
Start Date
26-10-2019 5:15 PM
End Date
26-10-2019 6:45 PM
DOI
10.33107/ubt-ic.2019.386
Recommended Citation
Metin, Hasan and Mustafa, Dea, "Logical Framework Approach and Way to Conceptualize Project Proposals" (2019). UBT International Conference. 386.
https://knowledgecenter.ubt-uni.net/conference/2019/events/386
Logical Framework Approach and Way to Conceptualize Project Proposals
Pristina, Kosovo
In order to have successful projects, companies are using different project management methodologies. One of the standard and proved logical framework methodologies is PRINCE2 (Project In Controlled Environments) which is de facto standard for project management in UK. Aim of this research is to prove that with implementation of the LFA, projects will have more probability to succeed; failure of the pro-jects will be identified in early stages of the project and products will be delivered with agreed time, quality and cost.
Literature used for this research is PMI, OGC, APM and academic journals. Findings from these research show that there is no evidence of proper risk analyze, decisions during project life cycle are ad hock and that there is not any standard in place for project management. Reasons for project failure are very similar with reasons which are iden-tified by PMI.
Recommendations which are coming from this research are support-ing and justifying implementation of standardized project management methodology and recommended project management methodology.
From this research are identified some questions, which are challeng-ing bodies of knowledge and in a same time are offering base for fur-ther researchers.
In time of globalization and aggressive competition in order to sur-vive many businesses are becoming project oriented businesses. Com-panies are investing a lot in staff which is involved in project manage-ment, despite this fact companies are still facing with big number of failed projects. Most of the projects are failing because their initial pro-ject implementation processes are not clearly defined, risks are not ana-lyzed, project control is missing and because of the lack of validity of the business case. Although there is a set of standards and techniques for project management, in the current era of globalization and estab-lishment of different strategic alliance it seem more appropriate to im-plement standardized logical frameworks.