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MBA-FT (2016-18)

Project Management

Library Assignment 1.0

Interim Report

Submitted To Submitted By
Prof. Chetan Jhaveri Group no-

Group Members

Kunal Nawandar (161327)

Madhur Mehta (161329)
Parag Jyoti Borah (161337)
Pratul Batra (161338)
Tridibesh Basak (161361)
Paper 1

Vicente-Oliva, S., Martnez-Snchez, , & Berges-Muro, L. (2015). Research and

development project management best practices and absorptive capacity: Empirical
evidence from Spanish firms. International Journal of Project Management, 33(8), 1704-
1716. doi:10.1016/j.ijproman.2015.09.001

Core concept of Paper

Proof from an investigation did in a specimen of Spanish firms demonstrates that innovative
work (R&D) venture administration rehearses are decidedly identified with absorptive limit of
learning (AC), despite the fact that the impact of these practices contrasts for every AC
measurement. Administrators understand that gaining from past encounters in R&D ventures
builds up the ability to access applicable outside information. In any case, the positive
connection between administration rehearses and absorptive limit is noteworthy for changing
and abusing outside information in R&D ventures. The article examines the administrative
ramifications of enhancing absorptive limit inside the administration of R&D ventures and the
firm, for each AC measurement.


The development writing features the significance of outer learning for taking care of
specialized issues inside a firm. Advancement administration every now and again includes the
coordination of information from advertise request and logical and mechanical improvements.
In this manner, there is a strain to convey items to the market, in the meantime as confronting
vulnerabilities on advertise, innovations, generation costs, and the advancement procedure
itself. This implies firms progressively require all the more new outside information which
might be elusive, acclimatize, and incorporate into innovative work (R&D) undertakings, and
it could even expend surprising assets.

From a key viewpoint, the assets based perspective of the firm is viewed as a structure for
clarifying how associations accomplish reasonable upper hands all through the collection of
important, uncommon, matchless, and non-substitutable assets. Notwithstanding, the
organizations can make, expand, or change its assets base deliberately by securing and utilizing
new information, because of their dynamic abilities. These are described by the 'company's
capacities to coordinate, form, and reconfigure interior and outside capabilities to address
quickly evolving situations. In addition, the dynamic abilities are the forerunner to the
authoritative and key schedules and they have been connected recently to extend


Research Methodology

The expanding number of meetings and co-composed papers amongst researchers and
professionals are 'living verification' of the common push to conquer any hindrance amongst
research and practice. As per, the usage of existing exploration discoveries into ordinary
administration requires proper correspondence. Additionally, the discoveries must be relevant,
and the information exchanged and its interpretation ought to be helpful for the administration.
Chiefs think about how to utilize figuring out how to work and adjust their abilities, experience,
and instinct viably in complex undertaking situations, and on the even minded utilization of
hypothesis. The dialogical display is utilized to oversee beneficial exchanges and manage
opposing and correlative positions. As indicated by Avernier's conceptualization, this model
comprises of five stages or exercises

Sample and data collection

. The quantitative examination depends on a review that, as a matter of first importance, gathers
information about the depiction of the respondent organization and the undertaking chief.
Furthermore, the overview gets some information about the attributes of the authoritative
setting of the learning and how outside learning is distinguished, absorbed, changed, and
misused. What's more, thirdly, the information cover the qualities of ventures and the
association's administration hones. Overall, the information give data to permit an examination
of the connection between venture administration practices and AC, inside a specific learning


This paper bolsters past research about the age of dynamic capacities and venture based
learning, in spite of the fact that our investigation is exploratory. It gives us a chance to
manufacture an information structure that can be utilized by specialists and scholastics and can
be connected to each sort of R&D project. Even however the numerical outcomes demonstrate
that the connection between approaches to make inferred learning, for example, the experience
of venture directors or the lessons gained from past involvement, and the absorptive limit
period of each firm, when the procured learning is inside the firm, can't effect on each
absorptive measurement, this could enhance future undertaking execution, as indicated by the
supervisors' reactions. As of late, have appeared, in their investigation of European nations,
that potential and acknowledged absorptive limit had mostly extraordinary predecessors.

Impact of paper on industry

Paper offers critical experiences for the field of R&D venture administration and access to
outer learning. The outcomes affirm the positive commitment of venture administration to
absorptive limit and demonstrate that distinctive methodology to oversee R&D ventures impact
each measurement. The significance of learning setting is additionally featured. High-escalated
information conditions furnish firms with more elevated amounts of absorptive limit.

Paper 2

Project Management towards best practice in the Malaysian Construction


Zarina Alias, Zarita Ahmad@Baharum, Muhammad Fahmi Md Idris

Procedia - Social and Behavioural Sciences 68 (2012 ) 108 120


Core Concept

The author tried to established criteria of best practice in the project management based on the
project manager performances. The key findings revealed that in achieving the best practice in
the Malaysian Construction Industries, project manager should straighten their capability in
term of knowledge, skills and personal characteristics.

However, the industry is tarnished by the existence of failure/abandoned projects. These is

where, the project manager roles and performance become so important and hence, made the
project manager a key player in the construction industry. By engaging an experienced and
qualified project manager that is appropriate for the job, mistakes and pitfalls can be avoided
if not eliminated.

The second issue that was discussed is the performance measurement used by the project
management organization in Malaysia. The study particularly looked at the efficiency,
understanding and awareness of the role among the project managers from various types of

The third issue discussed was the criteria needed for a project manager in order to achieve best
practice. These issues was directly addressed by raising the standards of project management
within the construction industry and more specifically improving the skills and competency of
project managers. Finding the right project manager for a construction is a major task in project

Role of Project Manager

Project managers are unique because they manage temporary, no repetitive activities and
frequently act independently of the formal organization. Clearly, project management is a
unique and challenging profession. In spite of that, the project manager has to be able to
integrate everything and everybody to achieve the project deliverables and goals.

The project manager is also expected to be a competent administrator with the ability to plan,
organize and control. As such, the project manager must be an interdependent person who is
self-aware, principle centered and able to stimulate and inspire people. Therefore, the project
manager is expected to have the maturity of judgment and the ability to communicate with
integrity and clarity, must also be a listener and must show enthusiasm for tasks ahead.
Delegating responsibility to team members, motivating them and empowering them are
essential abilities in an effective project manager.


Qualitative approached are used to identify the dimension and criteria of the project
management towards best practice while quantitative approached are used to evaluate the data
that obtained through cross sectional survey. The feedback of the questionnaire was based on
the respondents experience and practices. Data that obtained then were analyzed and computed
using Frequency Analysis and Average Index.

Experience was considered one of the most important criteria to be the best project managers.
As job experiences in particular, relationships, formal education and training can help to
develop skill and traits necessary to be one of the best.

The final project performance should be evaluated to determine whether the project is
completed as expected. There were various degrees of variation between the predicted and
actual project performance. This mismatch was associated with the fact that project
performance was influenced by knowledge, skill and personal characteristics of project
managers. The results showed that there was a performance measurement used by the
organization but they had not been standardized and based on individual performance appraisal.

The results showed that if the project managers knowledge, skills and personal characteristics
are weak, there would be a poor project performance. Clearly, these criteria have an important
role in mediating project outcomes, success and failure, and the best practices project
organization. A knowledgeable and skillful project manager is needed to achieve the project's
goal towards best practice in project management. Further, personal characteristics play the
function of project managers to take a project risk with the flexibility to adapt with the
challenges. The study also identified 11 personal characteristics that are proposed to influence
the best practices in project management. The analysis reveals that the project managers agreed
that 10 elements of characteristic are important, the result showed only average or fair for