a project management challenge
Competitiveness is a much lauded word in today's management literature that is also generating a great deal of confusion. But once the rhetoric surrounding it is removed, organizations can use the concept to better gauge their capability to perform better than their competitors at what they do. This article discusses how project managers can integrate competitiveness into their approach for managing projects. In doing so, it explores the reasons why United States (US) companies are increasingly failing to effectively compete; it defines five critical reasons behind this deterioration. It identifies how US companies can improve their competitiveness via project management. It then describes a key challenge facing project teams today: The transfer of lessons learned into the executive suite so that executives can make the kinds of decisions that improve an organization capability to compete. It examines the reasons preventing this transfer of lessons learned and details two methods that could help project managers effectively transfer their earned knowledge.