Abstract
Abstract The article focuses on a synthetic assessment of the validity of the application of certain methodologies in the management of development projects (including TPM, APF, APM)1. The authors, after discussing the basic assumptions of traditional methodologies and so-called “agile” ones, present the results of a development project implemented using the adaptive approach (Adaptative Project Framework). As the presented project was successful (full implementation of its assumptions ahead of time and with financial success), it was used as a basis on which the authors present the specificity of an adaptive approach in the management of development projects along with its critical analysis. The final result of the considerations is the presentation of the advantages and limitations of the application of such an approach to the management of development projects.
Highlights
IntroductionManagers often approach the realization of investment projects in property development in a
Managers often approach the realization of investment projects in property development in a REAL ESTATE MANAGEMENT AND VALUATION, eISSN: 2300-5289 vol 27, no. 1, 2019 www.degruyter.com/view/j/remav determined, so-called traditional (Traditional Project Management) manner, behaving as if the surroundings and conditions in which they operate were stable
In response to imperfections of the traditional approach, which often does not work in new, difficult economic conditions, at the beginning of the 21st century, so-called “project management” became widespread in the science and practice of the agile approach to project management
Summary
Managers often approach the realization of investment projects in property development in a. In response to imperfections of the traditional approach, which often does not work in new, difficult economic conditions (especially research and development, innovation or IT), at the beginning of the 21st century, so-called “project management” became widespread in the science and practice of the agile approach to project management. Solving the dilemmas of both approaches to development projects (traditional and agile), the authors recommend the so-called adaptive approach, which means taking advantage of and eliminating the disadvantages of the approaches mentioned above from the point of view of developer's realizing housing investments. The main goal of the article is to present the advantages and disadvantages of this approach in the development activity on the example of a critical analysis of one of the investment projects implemented in 2015 -2017 under the name Kaszubska Ostoja. The main research methods were the analysis and synthesis of literature sources as well as a case study; the sources of information were Polish and foreign literature on the subject, the developer's project documentation and own experience resulting from observation of the project
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