Publication detail

Project Management in the Time of VUCA: Threat or Opportunity?

KOŠŤÁLOVÁ, J. DOSKOČIL, R. ŠIRÁŇOVÁ, L. LACKO, B.

Original Title

Project Management in the Time of VUCA: Threat or Opportunity?

Type

conference paper

Language

English

Original Abstract

This study addresses the "projectification of society" and its alignment with the VUCA framework (Volatility, Uncertainty, Complexity, Ambiguity). Four widely used international project management standards—PMI, IPMA, PRINCE2, and PM2—are evaluated for their suitability in the VUCA environment. The research employs a multicriteria approach, specifically the Weighted Sum Approach method, considering factors like volatility, uncertainty, complexity, and ambiguity. The selected standards are scrutinized based on their adaptability to VUCA challenges, with a focus on PMBOK, IPMA, PRINCE2, and PM2. The seventh edition of the PMBOK has been evaluated on the first position. The study emphasizes the crucial role of selecting an appropriate project management standard for success in navigating the dynamic VUCA world. The results confirmed this and brought a number of recommendations for managing projects in a VUCA environment.

Keywords

project management; VUCA; project management standard; decision making; WSA method

Authors

KOŠŤÁLOVÁ, J.; DOSKOČIL, R.; ŠIRÁŇOVÁ, L.; LACKO, B.

Released

10. 4. 2024

Publisher

University of Hradec Králové

Location

Hradec Králové, Czech Republic

ISBN

978-80-7435-931-6

Book

Proceedings of the international scientific conference Hradec Economic Days 2024

Edition

14

Edition number

1

ISBN

2464-6067

Periodical

Hradec Economic Days

Year of study

14

Number

1

State

Czech Republic

Pages from

166

Pages to

175

Pages count

10

URL

https://uni.uhk.cz/hed/site/assets/files/1085/proceedings_2024_1.pdf

BibTex

@inproceedings{BUT188415,
  author="Jana {Košťálová} and Radek {Doskočil} and Lenka {Širáňová} and Branislav {Lacko}",
  title="Project Management in the Time of VUCA: Threat or Opportunity?",
  booktitle="Proceedings of the international scientific conference Hradec Economic Days 2024",
  year="2024",
  series="14",
  journal="Hradec Economic Days",
  volume="14",
  number="1",
  pages="166--175",
  publisher="University of Hradec Králové",
  address="Hradec Králové, Czech Republic",
  doi="10.36689/uhk/hed/2024-01-015",
  isbn="978-80-7435-931-6",
  issn="2464-6067",
  url="https://uni.uhk.cz/hed/site/assets/files/1085/proceedings_2024_1.pdf"
}