Sustaining Business Projects on Challenging Environments



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Submitted Jun 14, 2022
Published Jul 11, 2022
10.24018/ejbmr.2022.7.4.1509

Abstract viewed = 246 times

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For a progressive business, there are necessary projects. All business implements their growth strategic plan through the development of projects. The business projects can either be identified as financial or non-financial. Every type of project has its unique environmental challenges. These become amplified in the context of complex environments or when projects deteriorate to the point they should be killed or need recovery. This paper focuses on strategies how to sustain business projects in challenging environments. The pillars of all business projects are the project period, cost, and resources. Project environment challenges will always affect these pillars. To mitigate the environmental challenges the paper narrowed the scope to project identification/ initiation, planning, and implementation in order to successfully handle the project environment. Different types of environments are also discussed in this paper; macro, micro, and intermediate environment on how they affect business projects. All these environments are examined to highlight how best a project business can navigate successfully through its challenges. In an operating environment that is dynamic and highly challenging, business projects need to appreciate the importance of crafting and effectively executing strategies that can help them navigate the environment challenge to carry it through any unexpected and challenging eventuality. The paper concludes that good and sincere project identification/ initiation, and planning will ultimately ensure smooth project implementation through a challenging project environment.

Keywords: Project Environment, Project Identification, Project Implementation, Project Planning

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