Project Management Institute

Financial success and time-management factors in a chemical environment

a case study

Because companies operating in the manufacturing industries use financial success factors as important competitive benchmarks, executives working for these companies must ensure that their firms innovative projects support the organizations strategy, that such projects--when implemented concurrently--do not overlap, that resources are allocated efficiently, that schedules are managed effectively. This paper analyzes an empirical case study on the financial performance of NOVA Chemicals (Pittsburgh, PA, USA) in relation to its cross-functional project development process. In doing so, it examines the five project measures (timing, personnel, performance, priorities and goals, production and marketing) that show how NOVA enhances the financial outcome of its manufacturing initiatives. It discusses the companys history, market position, and organizational objectives; it describes this studys research methodology.
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