Abstract
Sustainability has recently become a phenomenon; small and medium-sized enterprises (SMEs) are increasingly emphasizing the principles of sustainability in their corporate governance. They implement these changes through project management. The purpose of the paper is to determine the critical success factors in project management, as seen by the managers of Czech manufacturing enterprises, related to the most to the successful completion of the projects. We aim to analyze the relation of these success factors to Industry 4.0, Human Resources, and sustainability. We determined the possible interconnectedness of the critical success factors using correlation coefficients. Then, we compared them using the Mann-Whitney test with new corporate management trends. The results show that companies consider Leadership and Experiences, and Employees and Flexibility to be key factors in project management’s success. The most important critical factor for the sustainability of projects focused on Industry 4.0 is the finances that decide the implementation of projects. The benefits of Industry 4.0 concerning sustainability have been identified in projects aimed at implementing new energy sources. In addition to the results obtained, the development of a methodology for evaluating Industry 4.0 projects’ success concerning sustainability may be based on critical success factors in the future.
Highlights
The current times of dynamic changes are called turbulent times
We focus our research on sustainable project management and its relation to success factors
The results are divided into three sub-sections: determination of project management critical success factors, relation of these factors to other variables (Industry 4.0, Human resources, and Sustainability), and relation of Industry 4.0 benefits for project management and sustainability of Projects
Summary
The current times of dynamic changes are called turbulent times. Based on the deviations’ regulation, the classic approach of managing the corporate processes is no longer sufficient. A possible way to deal with it is related to the use of modern project management practices. Project management plays an essential role in many countries worldwide as a useful and efficient tool in planning and organizing processes, crisis management, and time management. Project management does not deal with routine, repetitive activities. The project’s characteristic is its uniqueness, associated with a significant degree of uncertainty and risk. It is project management that has the prerequisites for managing such risk [1]
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