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IT Project Management 4.0: Trends and Future Directions

In: Managing Information Technology Projects Building a Body of Knowledge in IT Project Management

Author

Listed:
  • Srinath Perera
  • Robert Eadie
  • Samudaya Nanayakkara
  • G. Thilini Weerasuriya

Abstract

The advancement in technology and greater push toward digitalization brought about by the impact of Industry 4.0 is changing the way IT projects are managed and executed. Consequently, investment in IT is increasing and new software technologies are bringing in new possibilities for project delivery. These changes are impacting the way project stakeholders engage in projects while project management methodologies are evolving. This chapter evaluates and contextualizes these aspects, drawing from the detailed discussion provided in the previous chapters of this book. It then summarizes the future directions of time, cost, quality, and risk management approaches related to IT projects. This chapter concludes by providing a vision toward the next generation of technologies, discussing how these will impact project management.

Suggested Citation

  • Srinath Perera & Robert Eadie & Samudaya Nanayakkara & G. Thilini Weerasuriya, 2023. "IT Project Management 4.0: Trends and Future Directions," World Scientific Book Chapters, in: Srinath Perera & Robert Eadie (ed.), Managing Information Technology Projects Building a Body of Knowledge in IT Project Management, chapter 17, pages 482-518, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811240584_0017
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    More about this item

    Keywords

    Managing IT Projects; Information Technology; Project Management; Innovative Technology;
    All these keywords.

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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