Management by Projects
An Idealogical Breakthrough
The project approach to managing a business is no less an ideological breakthrough than the objectives approach to managing a business. This article explains this breakthrough by examining Management by Projects (MBP) and the benefits that companies can realize when they embrace this approach to manage their business functions. In doing so, it describes the basic functions of MBP and the similarities--and differences--between functional management and project management. It then identifies the benefits of implementing MBP and suggests possible ways that traditional organizations can use MBP to implement such special activities as evaluating under-performing units and developing an employee appraisal system. It also describes ways that a construction firm, a manufacturing organization, and a pharmaceutical company used projects to realize special programs and objectives.