The Challenge and barriers in traditional and agile project management framework and strategies implemented by successful mulinational companies to deal with these problems

Abstract

With globalization, unpredictability in business and project management has been increased. Many direct or indirect external or internal factors have affected the successful execution of multinational companies' cross-border projects globally. According to the Research Organizational Culture, Socio-Economic Factors, Cross-National Culture, and Top Management ideology influence the global project team's performance. The aim of this research is to simplify and document traditional and agile project framework challenges and how the multinational companies implement strategies in consultation with their PMO (Project Management Office) to drive the project to success. International companies have both project frameworks in place to their portfolio categorized based on their business segment. They efficiently accomplish the desired project performance and results and justify the project objective despite the varying dissimilarities in the project teams' challenges in the traditional and agile project framework. The Project performance evaluation technique help identify the success factors of the efforts taken to mitigate the challenges and barriers in the projects. We examine the moderating strategies thoroughly and signify the main consequence of applying the unique methodology to achieve acceptable results, which can be further exemplified as a reference for other industries. The study's outcome will be resourceful to the small-middle scale industries to conduct and conclude their projects to the success despite the obstacles and constraints to increase the project success ratio and attain sustainable industrial growth.