Project Management and Efficiency of the Projects in the Industry 4.0 Era

Abstract

Using resources without wasting is not only important for traditional operations but also important for projects. At this point, the concept of efficiency which is directly related with the usage of resources comes to the forefront. Efficiency has been important at all times and its importance also continues today, in the Industry 4.0 era. This chapter deals with project management and efficiency of projects in the Industry 4.0 era. In the first section of the chapter the Industry 4.0 concept is explained. In Section 2 the project and project management topics are discussed. In Section 3, efficiency, efficiency measurement and the data envelopment analysis (DEA) are dealt with. In Section 4 project management and the efficiency of the projects in the era of Industry 4.0 are mentioned. Finally, in Section 5 a numerical example is presented.