Project Management

SUMMARY: Globalization can be viewed from various perspectives. The word globalization has both negative and positive connotations. According to Ruud Lubbers, globalization is a process of minimizing the significance of geographical distance in developing and maintaining international economic, political and socio-cultural relations. But according the critics, globalization is the drive towards a worldwide economic system that is dominated by the supranational corporate trade and banking institutions, which are not accountable to the democracy of the nations or their governments.

Globalization has a significant impact on the way projects are managed. There are three basic models of project management based on project management styles, namely the European Model, the North American Model and the Japanese Model.