How to Manage Projects in Industry4.0 Environment

Abstract

With the increased complexity in technology, projects are becoming more complex, and their outcomes are hard to predict. As we are entering the Industry 4.0 revolution, the complexities associated with technology will likely to increase to unprecedented levels. The main motivation of this chapter is to understand the link between the complexities associated with the projects and the project management style in dealing with these complexities. In this study, the project management style is defined as a dominant paradigm that a manager uses as a mental model in dealing with the management problems. The chapter investigates the effects of the alignment between project management style and project complexity on the project management outcomes. The implications of this research are that with the increased complexity as in the case of Industry 4.0, the project management approaches will need to become more agile, with shortened planning horizons and more involvement and communication with the stakeholders.