Are Family Businesses a Good Environment for Project Management?

Abstract

Relationships between project management, operations management, and organizational strategy are well-known, as well as organizational influences on project. Family businesses work on projects, but their unique nature makes family firms a challenging context for Project Management. This chapter aims to present and discuss the specific dynamics of family business that can impact project management practices. By definition, a project is a complex system, consisting of a set of dozens of interrelated sub-processes. As is known, the percentage of projects that satisfy both technical requirements, budget compliance and which meet the deadlines, is extremely low. This fact forces the researchers to equip themselves with more sophisticated tools to face the complexity of a project, in order to increase its chances of success.