IDEAS home Printed from https://ideas.repec.org/h/spr/innchp/978-3-030-15409-7_21.html
   My bibliography  Save this book chapter

Implications of Economic Decision-Making to the Project Manager

In: R&D Management in the Knowledge Era

Author

Listed:
  • Brian J. Galli

Abstract

The managers and owners of the organization do exist in an agent-principal relationship, whereby the former is expected by the latter to maximize their return. However, for managers to avoid conflict with their principals, they have been tasked with making critical decisions to ensure that the project is executed in accordance with the established plan. Decision-making is critical to the success of any project, and it is among the most important roles that a manager commits to. The manager has to lead and motivate the project management team and must be the source for the right equipment and materials. Also, the manager must create an environment conducive to the full realization of a project’s primary goals. Since a project is a temporary undertaking that is meant to achieve a specific agendum, it has to be executed in a manner that is fully cognizant of resource limitations. Therefore, the decisions that are made have to involve the effective allocation of resources to the various units of the project.

Suggested Citation

  • Brian J. Galli, 2019. "Implications of Economic Decision-Making to the Project Manager," Innovation, Technology, and Knowledge Management, in: Tuğrul Daim & Marina Dabić & Nuri Başoğlu & João Ricardo Lavoie & Brian J. Galli (ed.), R&D Management in the Knowledge Era, chapter 0, pages 553-573, Springer.
    • Handle: RePEc:spr:innchp:978-3-030-15409-7_21
    DOI: 10.1007/978-3-030-15409-7_21
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:innchp:978-3-030-15409-7_21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.