Project-based approach as an integral part of modern business
Abstract
This article focuses on studying the relevance of a project-based approach in the modern world. The key concepts are project and management. Apart from that, the article highlights the importance of following stages and performing risk analysis in the process of project planning for their successful implementation. Proper planning and risk management are essential factors in achieving goals. To increase efficiency in project management, the study involved various worlds that directly influence the formation of a company’s action plan. Another focus area is the importance of proper selection and formation of a team. Through joint effort, competent personnel with work experience and relevant skills can achieve success in implementing projects in the field of project management. The purpose of this study is to understand why the project-based approach has become especially popular and effective, taking into account a wide variety of industries and fields of activity in the 21st century. Therefore, the article aims to provide readers with a thorough understanding of how and why the projectbased approach has become an integral part of modern business.
Keywords
Supporting agencies: financed by MegaFon PJSC. Contract No. 100000002633001 dated 02 November 2023.
About the Author
N. V. Orlova
Academy of Labor and Social Relations
Russian Federation
Russian Federation
Nadezhda V. Orlova - Administrative Advisor to the Rector, Senior Lecturer at the Department of Economics and Management
119454, Moscow, 90 Lobachevskogo Str.
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Review
For citations:
Orlova N.V. Project-based approach as an integral part of modern business. International Business. 2023;(4 (6)):6-13.
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