Key Environmental Forces Changed Way Projects Managed Effect Forces Management Projects Q34202936

What are some of the key environmental forces that have changedthe way projects are managed? What has been the effect of theseforces on the management of projects?

Expert Answer

The role of projects is becomingcrucial in determining the strategic direction of the organization.This is due to the following key environmental factors that affectcontemporary project management.

Shortened productlife-cycle

Increasingly, the productlife-cycles are getting shorter throughout the globe. For example,in the high-tech industry, the average product life-cycle is around3 years which earlier was used to be 10 to 15 years. As a result,the time to market requires to be very tight for