Abstract
: In recent years, the project approach has become an increasingly popular tool for achieving operational and strategic goals and to generally advance the business activity of organizations in fields such as innovation management. We demonstrate the need of including the project approach in the processes of creating innovative solutions. We posit that these two work methods can be combined into a coherent approach known as the innovation project machine. As part of this approach, innovations are implemented and developed more effectively, while agile project management and consolidated research for project managers, amongst others, are the source of inspiration. A systems approach to this concept could constitute a coherent synthesis of solutions available for engineering management. A proposition to integrate the project approach with innovative processes will enable expedient execution of business strategies in contemporary companies.
Highlights
The rapidly increasing participation of developing countries in the global production industry impels Western European economies to undertake steps aimed at improving the competitiveness of factories who have far been operating in local markets
Innovations in companies are directed at implementing changes that lead to an increase in the modernity and competitiveness of a company, its development, and in consequence, boosting its value
Summary Engineering management as a dynamic field develops by adjusting to the needs of economy and continually strives to improve organizational processes and increase production efficacy
Summary
The rapidly increasing participation of developing countries in the global production industry impels Western European economies to undertake steps aimed at improving the competitiveness of factories who have far been operating in local markets. An increasing number of modern factories are being built in these countries, which, owing to the employed technologies, enable a rapid development of business with substantial added value. In this respect, the global concept of engineering of the future is in line with the ideas and assumptions of the Industry 4.0 program - it evolves towards innovative, adaptive, and intelligent technologies and industrial processes. Innovation processes have become an inherent part of contemporary engineering management They constitute one of the foundations of managing technical functions, in particular: research, design, production, and in the strategic dimension in the areas of managing development projects, as well as production and services companies. Contemporary processes of creating and implementing innovations require appropriate competences and knowledge founded on project management principles (Karbownik, 2005; Kisielnicki, 2013)
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