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Why Project-Based Work Fails — and How to Get It Right

HBR On Strategy

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Evolution and Challenges of Project Management

The chapter delves into the evolution of project work, tracing its increase in complexity due to global crises like the financial crisis and pandemic. It emphasizes the need for companies to adapt to rapid change and discusses common challenges faced in project-based work, highlighting issues with leadership competencies, understanding project fundamentals, and focusing on delivering value and benefits. The chapter also addresses the challenge of balancing operational responsibilities with project-based innovation and suggests identifying key projects for innovation to ensure successful delivery.

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