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DIFFICULTY OF IMPLEMENTING
PROJECT MANAGEMENT TECHNIQUES IN DIGITAL
START-UPS

Author
ABRAR AHMED

A Dissertation submitted in partial fulfilment for the


Masters of Science in Management

Submitted to the National College of Ireland, August 2022


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Abstract

Project management is becoming more and more popular as a useful tool for businesses to

embrace change and adapt to the market in order to stay competitive in a quick-moving sector. In

today's corporate world, when resources are limited, timescales are shorter, budgets are more

constrained, and technology is always evolving, project management is crucial. As a result, it is

thought that using it in start-ups is advantageous since it boosts productivity.

The task of keeping a project's budget in check requires the use of comparative tools, cost-

management techniques, and contingency plans. Any digital start-up that spends hours creating a

healthy profit that shows a solid economic position in the market is regarded to have a tough

time stabilising the economy. Finding repeatable and useful business models is a start-up’s

primary goal since these models deal with tried-and-true methods of conducting business that

promote growth, revenue, and healthy rivalry with rivals. Additionally, it has been noted that

new companies have encountered certain difficulties while using these project management

models or methodologies.

It is therefore evident that the majority of participants believe that in the current business

climate, beginning businesses should concentrate on agile methods where they only pay attention

to the quality of their products and the satisfaction of their customers, as well as on project

management, which is the most crucial factor in the evolution of project management over the

course of a start-up’s lifetime. Therefore, based on the results of this survey question, it is

evident that the agile technique is one of the best business practices. This way lowers risk and

promotes corporate flexibility, which is one of the crucial elements for start-up companies to

offer customers with better service.


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Submission of Thesis and Dissertation

National College of Ireland


Research Students Declaration Form
(Thesis/Author Declaration Form)

Name: ABRAR AHMED

Student Number: x21141126

Degree for which thesis is submitted: Master of Science in Management

Title of Thesis: Difficulty of implementing project management techniques in digital

Start-ups

Material submitted for award

(a) I declare that the work has been composed by myself.


(b) I declare that all verbatim extracts contained in the thesis have been distinguished
by quotation marks and the sources of information specifically acknowledged.
(c) My thesis will be included in electronic format in the College Institutional Repository
NORMA (thesis reports and projects).
(d) Either *I declare that no material contained in the thesis has been used in any other
submission for an academic award.
Or *I declare that the following material contained in the thesis formed part of a
submission for the award of

Master of Science in Management at National College of Ireland

(State the award and the awarding body and list the material below)

Signature of research student: Abrar Ahmed

Date: August 17, 2022


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Acknowledgement

This Master Dissertation was written with the help of many remarkable people who helped me

thoroughly, I would want to express my gratitude to them.

Firstly, I would like to thank my supervisor Mr.Victor Del Rosal for their guidance and support

throughout the way of this research project. Thank you for your continues support, without his

guidance this research have a been a difficult task to complete. You are a true Legend.

Secondly, I would like to thank my friends back home in Pakistan, who helped me in completing

the surveys questions for my research. I also wish to express gratitude to their organization for

participation in this study.

Lastly, I greatly appreciate my parents scarifies for the sake of my study.

Thank you again!

Abrar Ahmed
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Table of Contents

Chapter 1: Introduction ................................................................................................... 9

1.1 Introduction ............................................................................................................... 9

1.2 Problem statement and justification ........................................................................ 10

Chapter 2: Literature review ......................................................................................... 11

2.1 Introduction ............................................................................................................. 11

2.2 Project Management techniques.............................................................................. 11

2.3 The current state of project management for digital startups .................................. 12

2.4 Techniques and tools of traditional project management........................................ 14

2.5 Scheduling and time planning tools ........................................................................ 16

2.6 Tools to control costs .............................................................................................. 17

2.7 Proposed solutions to limitations of Traditional project management for digital

startups ...................................................................................................................................... 17

2.7.1 Agile Project Management (APM) .................................................................. 17

2.7.2 Attributes of Agile Project Management (APM) ............................................. 19

2.7.4 Agile Project Management usage in practice for digital startups .................... 20

2.8 Conclusions ............................................................................................................. 21


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Chapter 3: Methodology................................................................................................. 22

3.1 Introduction ............................................................................................................. 22

3.2 Research Philosophy ............................................................................................... 23

3.3 Research Approach ................................................................................................. 24

3.4 Research Strategy .................................................................................................... 25

3.5 Data collection Method ........................................................................................... 25

3.6 Sampling Method .................................................................................................... 27

3.7 Data Analysis .......................................................................................................... 28

3.8 Ethical Consideration .............................................................................................. 29

3.9 Time Horizon .......................................................................................................... 29

3.10 Gantt Chart ............................................................................................................ 30

3.11 Summary ............................................................................................................... 31

Chapter 4: Data Analysis ............................................................................................... 31

4.1 Introduction ............................................................................................................. 31

4.2 Primary data analysis .............................................................................................. 32

4.2.1 Organization difficulties organization faced .................................................... 32

4.2.2 Describe the time when the company experience the project management

success................................................................................................................................... 34

4.2.3 Evolve of the project management over the course of start-up Lifetime ......... 35

4.2.4 Company future plan for the project management .......................................... 37


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4.3 Summary ................................................................................................................. 41

Chapter 5: Discussion ..................................................................................................... 42

Chapter 6: Findings and conclusion.............................................................................. 44

6.1 Findings ................................................................................................................... 44

6.2 Conclusion............................................................................................................... 47

Bibliography .................................................................................................................... 49
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List of Figures

Figure 1: Gantt Chart .............................................................................................................. 30

Figure 2: Organizational Difficulty......................................................................................... 32

Figure 3: Experience of Project Management Success .......................................................... 33

Figure 4: Project Management evolving ................................................................................ 35

Figure 5: Plan for Project Management Success) ................................................................... 36

Figure 6: Atlas Interviews Results Chart ............................................................................... 37

Figure 7: Interview codes Screenshot 1 from Atlas ............................................................... 38

Figure 8: Interview codes Screenshot 2 from Atlas .............................................................. 38

Figure 9: Interview codes Screenshot 3 from Atlas ............................................................... 39

Figure 10: Interview codes Screenshot 4 from Atlas ............................................................ 39

Figure 11: Interview codes Screenshot 5 from Atlas ............................................................ 40

Figure 12: Interview codes Screenshot 6 from Atlas ............................................................ 40


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Chapter 1: Introduction

1.1 Introduction

Project management is gaining popularity as a beneficial tool for organizations to adapt

to the market and accept change in order to remain competitive in a fast-paced industry (Kiznyte

etal., 2016). Project management is essential in today's business environment, when budgets are

tighter, timeframes are shorter, resources are fewer, and technology is always advancing. As a

result, its usage in startups is seen to be beneficial, as it is considered to increase efficiency. Two

basic techniques to project management for digital startups may be distinguished: conventional/

traditional and agile. Traditional project management is linear, with a major emphasis on the start

of the project. A project is formed and divided into portions, which are finished before the

project sections are put together (Hebert & Deckro, 2011; Weaver, 2007). Traditional project

management knowledge, techniques, and procedures for time management, cost control, risk

mitigation, resource scheduling, roles, and quality assurance can be utilized to meet project

objectives and complete sets of planned and anticipated activities. Work Breakdown Structures,

Gantt Charts, Review Approach (PERT), Critical Path Method and Program Evaluation are

commonly used in the traditional project management technique due to their relevance in a

project (Gelbard et al., 2002; Shi & Blomquist, 2012). Agile Project Management (APM)

techniques seek to adapt to the modern fast-changing business climate by coping with evolving

needs and unanticipated circumstances during project execution, increasing the flexibility of this

project management approach over the traditional project management. Short iteration intervals

allow tasks to be subdivided into smaller, more manageable tasks; minimal initial planning

prevents rework and saves time and money resources on adjustments (Kautz et al., 2014).

Furthermore, a project's flexible scope encourages open contact with consumers, increasing
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client satisfaction (Lee & Yong, 2009; Serrador & Pinto, 2015). This literature review examines

the concept of project success in the context of entrepreneurship and new venture formation,

focusing on digital startups.

1.2 Problem statement and justification

What project management techniques and approaches do entrepreneurs use in starting a

digital business versus running it, and what challenges exist?

This literature review aims to understand the use and importance of project management

tools and methodologies in digital startups. To understand the usage and value of project

management at various stages of the start-up, a differentiation between techniques and tools used

during the launching stage and those utilized during the business's operation must be established.

The following objectives serve as a foundation for this research and answering the research

questions:

● Identify the project management methods and tools digital startups use to get their

businesses off the ground.

● Identify digital start-ups’ project management methodologies and tools to run their

businesses.

● Increase overall understanding of project management approaches and techniques

essential in a digital start-up.


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Chapter 2: Literature review

2.1 Introduction

The literature survey gives a theoretical basis for the two basic project management

methodologies, which are classified as traditional and agile project management strategies. The

main concepts, features, and evolution of both are discussed to provide a strong theoretical

foundation to build the analyses. In addition, the development of entrepreneurialism and

entrepreneur attributes are discussed. Finally, a link will be drawn between the two research

fields of project management and entrepreneurship.

2.2 Project Management techniques

According to Kuura et al. (2014), we live in a project-oriented society, where a project is

a short-term venture aimed at producing a one-of-a-kind product, service, or accomplishment.

Projects are tools for growing a firm by implementing or meeting regulatory requirements,

meeting stakeholder expectations, and developing, enhancing, or restoring services and processes

(Kenley & Harfield, 2014; Weaver, 2007). A project may be described as a collection of

activities having a well-defined aim, purpose, timeline, budget limits, and resource utilization in

monetary terms, personnel, and technology (Hornstein, 2015). Executing projects allow a

company's efficiency throughout the development phase; as a result, they may be seen as crucial

in generating value and advantages (Jugdev et al., 2013). Additionally, projects are inventive and

might be termed "entrepreneurial activities" because they attempt to introduce something new to

their original context (Kuura et al., 2014). They also have a life span during which skills,

technologies, and people are required to successfully use resources to complete (Jugdev et al.,
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2013). Although project management techniques are so beneficial for start-ups but are difficult to

inject into their systems so it is essential to find a solution to them. The analysis will probe into

the stage of ‘What can be done to apply project management techniques into start-ups that are

digital and naturally on a scarcity of resources?’

2.3 The current state of project management for digital startups

Project management is now widely recognized as an efficient approach of organizing

work into projects in order to communicate and collaborate throughout the business (Kiznyte,

Welker, & Dechange 2016). Regarding collaboration, planning, and competitively operating a

firm, project management is effective (Kuura et al., 2014). Executing organized procedures and

programs in the form of project management may assist a firm in prioritizing and managing its

operations, targets, and achievements, as well as withstand market competition (Milosevic&

Iewwongcharoen, 2004). In this context, preparation, monitoring, directing, delivering, realizing

advantages, and handling change are at the heart of project management. Cost, risks, and

managing deadlines, as well as the growth of a teamwork culture in the business, all contribute to

improved efficiency in the application of Project management (Kiznyte, Welker, & Dechange

2016). The essence of project management helps complete tasks on time, within a predetermined

range, and with improved outcomes because it is a method of predicting and optimizing brief

collective inventiveness (Garel, 2013). Project Management is a strategic capability inside

businesses since it aids in attaining objectives via projects and is a successful means of

competing, maintaining a business, and enabling the reaction to change in the industry. Since it is

more than simply figures, patterns, tables, or graphs, it is becoming increasingly complicated

because of the rising intricacy of firms implementing business plans as projects (Kuura et al.,
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2014; Milosevic& Iewwongcharoen, 2004). The complexity has been attributed to reliance on

traditional/ conventional project management techniques in changing environments.

Startups have different structure and mode of functioning in business sector therefore, problems

arising as a result are also unique and significant. As a result many large businesses working

today are by products of these startups. Apple, Amazon, and Microsoft, the three very important

companies in the world by market value in 2019, all began as new digital startups" (Pollman,

2019). "Very well-known companies, such as facebook, Google, Amazon, Uber, Saleforce,

Airbnb, Spotify, and others, began as new digital businesses.” (Zaheer et al., 2019).

Consequently the approach to understand and analyze startups also varies. Apart, from these, one

of the prior thing is evaluating these concepts of strartup’s. As said by Niculescu (2016) “The

inherent desire to produce a new product in an uncertain environment is one of the definitions of

a startup.” (Niculescu, 2016). As a result there are a lot of difficulties that have been faced by

companies in various project implementations. “Most projects have some level of uncertainty,

even very professional Managers have problems dealing with it.” (De Meyer et al., 2002).

Therefore, Pollman (2019) has also evaluated that, “Public and typical public firms are not the

same as start-ups that focus on technology and innovation, as well as risk and growth. In result,

they have different governance” (Pollman, 2019).

Startups are also analyzed as institution created by entrepreneurs that are worked under foreign

investments “The objective is to create unique goods or services, achieve rapid growth, and exit

via a trade sale or an Initial Public offering (Pollman, 2019). Entrepreneurship entails

identifying, evaluating, and capitalizing on opportunities (Sońta-Drączkowska and Mrożewski,

2020). Similarly, It also primarily relies on cutting-edge technologies. Entrepreneurs' creative

spirit is fueled by innovation, which is required for development and sustainability.”. (Terry and
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Frederick, 2016). In addition to this, Management also works simultaneously in every startups as

managements are considered on of the basic element in every organization. Teixeira et al. (2018)

has analyzed how implementation of project management has become crucial strategy in

evaluation of every business plan. Therefore, there are a number of problems in this area, the

most significant of which is a shortage of money and skilled people resources (Pollman, 2019).

Along with it, advancement of digital technologies as also increased hurdles in way of project

implementation in startups. As project management is an essential factor of growth and

establishment so, various companies has used competitive ideologies to tackle the issues of

project management implementation. The more highlighted concept in this regard are digital

marketing. Project Management in Digital Marketing are complicated due to risk of heavy

investments and its downfall so there is need to evaluate strategically and analytically these

issues under startups and small and medium enterprises (SME) (Cova and Salle, 2015). The main

reason for such problems are variant mode of functioning of digital as well as traditional mode of

project implementation strategies of startups. The startups with traditional strategies “Working in

harsh circumstances with only a 10% likelihood of success” (Johnson, 2017). In this way, better

methodology is to shift towards digital marketing and become part of global world community.

2.4 Techniques and tools of traditional project management

Until the 1960s, there were no standardized processes for software development (Elliot,

2004). The Software Development Life Cycle, sometimes abbreviated as SDLC, is said to be the

earliest codified technique for system development. The key concept and the goal of SDLC was

to "formalize the development of information systems in an organized and systematic manner."


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The sequential execution of each stage of the software development life cycle, beginning with

the from the beginning to the end of the product system" (Elliot, 2004, p.87). Hirschheim, Klein,

and Lyytinen (1995) offered an insightful discussion regarding the evolution of software

techniques, defining the seven generations of software development processes and expressing the

ideas underlying each of them. W.W. Royce created the conventional development approach,

particularly the waterfall methodologies, in 1970 in order to tackle software project challenges

(Guntamukkala et al., 2006). Because the core characteristics of the Waterfall model are

straightforward, organized, predictable, and proven to be reliable, the sequential development

technique has been extensively used in highly structured industry, particularly in large-scale

projects in the public sector and military (Boehm and Turner, 2003). Traditional project

management's core aims are to keep costs, quality, and time under control, which is why this

review will focus on the most often utilized techniques to achieve those goals (Shi & Blomquist,

2012, Weaver, 2007, Laursen & Svejvig, 2016. Kostalova & Tetrevova (2014) recommends that

project management knowledge, skills, methodologies, tools, and approaches are implemented

extensively in projects to meet project objectives and achieve defined goals. A method is a set of

activities, procedures, routines, and regulations in a field as a tool is physically used to execute a

task to generate a product or outcome. This distinction is necessary to distinguish the two and

prevent misconceptions in subsequent readings. Project management techniques are similar to

guidelines and checklists in that they guarantee that the best rules are implemented and that the

desired results are achieved (Jugdev et al., 2013). Agile project management is more spiral than

traditional project management, which is linear (Sage Business Researcher, 2017). Agile project

management creates functional projects that include the entire team and customers throughout

the process (Kiznyte et al., 2016). In general, numerous procedures must be regularly linked with
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the organization in order to develop a functional management system throughout the business;

hence, customized internal ways are very common (Jugdev et al., 2013; Kiznyte et al., 2016).

2.5 Scheduling and time planning tools

Managing uncertainty and ambiguity via time scheduling is a major goal of project

management (Shi & Blomquist, 2012; Weaver, 2007). There are several different methods for

project scheduling, the most common of which being Work Breakdown Structures and

Milestones (Bitner, 1985; Jugdev et al., 2013). A work breakdown structure is a basic project-

planning instrument that breaks a project down into smaller components on an organizational

chart to produce a roadmap of what must be accomplished and fulfilled (Garel, 2013; Kenley &

Harfield, 2014; Kostalova & Tetrevova, 2014). Project Schedule Network Diagrams and Project

Schedule Network Diagrams are two essential tools in project management. They are project

networks that are also used for planning and monitoring (Garel, 2013; Hebert & Deckro, 2011;

Kostalova & Tetrevova, 2014). CPM was developed after PERT to address shortcomings and

serves as a scheduling technique for calculating the minimal project length, scheduling

versatility, and controlling problems (Garel, 2013). On the axes of a Gantt chart are actions and

durations, which are used to design task duration in the format of bars based on start and

completion dates. A Gantt chart aims to calculate the length of operations and the project by

defining time needs, depicting succession, relationships, accessibility, and effectiveness of

resources (Kostalova & Tetrevova, 2014). Overall, Gantt Charts, WBS, PERT, CPM, and MSP

software assist in planning and breaking up work into smaller tasks and offer vigorous control on

the natural progression in traditional project management.


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2.6 Tools to control costs

Cost management tools are much more crucial in project management because they direct

how expenses will be adequately controlled during the venture (Garel, 2013). Maintaining a

project's budget is a critical duty; tools include Comparative Tools, Cost Managing Strategies,

and Contingency Plans (Bitner, 1985). Risks can be exemplified and analysed using Probability

Analysis, or Reliability Analysis, for example (Jugdev et al., 2013; Kostalova & Tetrevova,

2014). Activity-Based Costing, or decision management means for example decision trees may

all be used to control costs in a project (Jugdev et al., 2013, (Milosevic& Iewwongcharoen,

2004)). Furthermore, Earned Value Management (EVM) is widely used to regulate a project by

comparing work completed and projected worth (Kostalova & Tetrevova, 2014; Milosevic&

Iewwongcharoen, 2004).

2.7 Proposed solutions to limitations of Traditional project management for digital

startups

2.7.1 Agile Project Management (APM)

Traditional project management techniques, and procedures, as previously stated, rely on

extensive preliminary planning (Brechner & Waletzky, 2015). Project requirements are created

before they are implemented, and making changes during the project execution takes time. This

makes traditional techniques stiff and inflexible, while adjustment requests, upgrades, and plan

revisions are expensive and time-consuming (Brechner & Waletzky, 2015). The contemporary

Agile project management technique uses a "adhocratic" approach to estimate the project's triple

constraints: Time, Cost, and Scope, and to manage the Scope in a value-driven manner by

retaining Cost and Time variables as fixed entities to project objectives (Rose, 2010). The

difference in approach between the two methodologies argues for the potential advantage of
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Agile Project Management Approach (APM) over traditional Project Management Approach

(TPM) in terms of risk management and project value addition through its iterative and

progressive approach to planning and development (Robins, 2017). Traditional approaches

appear to be antiquated as the tendency toward a rapidly-evolving, dynamic environment with

shorter business cycles grows (Raval & Rathod, 2014; Serrador & Pinto, 2015). Agile project

management arose as a technique to bring more flexibly and suitably (Boehm & Turner, 2005). It

was first presented in 2001 and has risen in appeal over the past two decades (Kautz et al., 2014).

It is frequently applied in software design, which contends with fast changing requirements

(Association for Project Management, 2017). The Agile Methods, which comprise a collection of

best practices under the umbrella of an iterative approach to software development, were

established in the 1990s, with the emergence of the Internet. Thinking outside the boundaries of

Traditional Waterfall Model Development Approach, a team of software engineers with

knowledge in several frameworks to each other, collaborated to create a contemporary approach

to project management based on the Iterative functionality (Schwaber and Beedle, 2002). It

mitigates the failures of digital ventures and offers a substitute to the notion that normal project

management methods are no longer suitable for this industry (Gandomani & Nafchi, 2016;

Jayawardena & Ekanayake, 2010). One of the widely used Agile framework for software

development is the Scrum (Weber, 2015). The scrum is very famous because it’s adoption is

very easy in the organization with small 8-12 member team. Furthermore, it seeks to cope more

effectively with rising competition by concentrating on time and financial constraints, which

define competition for a considerable percentage of the population (Raval & Rathod, 2014). This

validates the literature review's focus on agile project management.


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2.7.2 Attributes of Agile Project Management (APM)

In many respects, the features of an agile approach differ from those of a traditional

method. Rather than comprehensive preplanning, a creation’s vision determines the growth path

(Conforto et al., 2014). As a result, agile methodologies focus more on the implementation point

than the planning stage (Jayawardena & Ekanayake, 2010). The principle of lean development is

included by employing an agile strategy that focuses on simplicity, efficient workflows, and

resource efficiency (Conforto & Amaral, 2016). The agile technique emphasizes excellent team

communication and external stakeholders to guarantee conformity with the concept's ideals

(Boehm & Turner, 2005). Another feature of agile project management is that it necessitates

extremely tight engagement with the user to integrate their input in all iteration cycles for

continual development (Conforto & Amaral, 2016). The principle of direct feedback will enable

effective communication to boost customer and end-consumer satisfaction and, as a result,

minimize manufacturing costs (Brechner & Waletzky, 2015). As a result, agile project

management is compatible with lean management, which emphasizes on eliminating wastage

and minimizing rework by addressing problems timely when they arise. Additionally, early

advantages are delivered as a result of gradual progress. Requested changes and suggestions are

gathered and approved based on their importance and ability to provide immediate advantages

(Association for Project Management, 2015). The consumer may benefit from additional

functionality and upgrades by releasing them regularly (Association for Project Management,

2017; Brechner & Waletzky, 2015).

In agile projects, the team structure is self-managed and self-directed, linked to a higher

level of responsibility for every team member. In contrast, the authority of a single project

manager diminishes (Association for Project Management, 2017). To manage the agile context,
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improved cooperation and effective communication in the team are required. The project

manager is more concerned with training and handling broader stakeholder interactions to relieve

the team's burden and allow them to focus on their primary responsibilities (Association for

Project Management, 2015). Additionally, regular and brief stand-up discussions keep everyone

informed about the project's progress. In those settings, problems that have arisen and obstacles

that have been encountered are explored (Conforto & Amaral, 2016). While this may appear

time-consuming, it helps avoid repeating the same mistakes and learn from teammates'

experiences. As a result, productivity rises (Kautz et al., 2014). Furthermore, team members

must justify and defend themselves if they fail to complete a job. On the one hand, this increases

the amount of pressure and, on the other, creates an incentive for progress, assists in quickly

addressing issues such as an excessive workload and allows the team to alter their activities to

avoid overruns.

2.7.4 Agile Project Management usage in practice for digital startups

The agile technique became popular in projects as a solution to enormous cost and

schedule overruns caused by traditional project management methods (Association for Project

Management, 2015). This alternate strategy is now widely accepted as the standard for managing

projects (Hoda et al., 2017). In addition, agile project management is commonly used in various

industries that operate in a highly dynamic, fast-paced environment and require creative

processes, such as design or service (Association for Project Management, 2015). A variety of

conditions and features can trigger agile project management. For ventures of uncertainty and

lost needs, a more dynamic approach with less early preparation is highly effective (Association

for Project Management, 2015). Regular feedback mechanisms, rigorous communication and

teamwork, can help guide this procedure in this scenario (Conforto & Amaral, 2016). As a result,
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agile project management suits innovative development procedures (Conforto et al., 2014). In

addition, the necessity for quick marketplace entry and time and cost restrictions are features of

agile project management (Association for Project Management, 2015).

2.8 Conclusions

Due to the current business climate and rapidly changing needs, there is a need to be

more adaptable and actively integrate clients, particularly in the software development sector.

Many digital startups use an adapted version of agile management to do so. In contrast, others

characterize their development process using typical agile project management features,

indicating the unintentional use of an agile framework to some extent. Agile project management

qualities appear to be more suited for many projects since they are well-matched with the

qualities of today's environment. The widespread and practical implementation of agile project

management leads to whether traditional project management is unsuitable for digital startups or

perhaps obsolete. Traditional project management looks unsuited, particularly in the

information sector and in light of start-ups’ limited resources, especially in the early phases. This

analysis is quite helpful in terms of integrating entrepreneurship with project management. The

similarities and differences concerning the traits and responsibilities of businesspersons and

project managers were discussed.

Furthermore, the view that establishing and expanding a business might be regarded as a

project and managing a company's continuous activity linked the two research fields is

increasingly apparent. Similarly, the review has noted that planning is critical in startups. As a

result, using project management approaches seems natural. In principle, striking a balance

between preparing enough and not spending too much time planning is critical; hence, agile

project management's more dynamic approach looks more appropriate. The focus on project
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management differs significantly based on the industry, teammates' location, and the project's

size. For this reason, it is critical to link the study fields of entrepreneurship and digital startups

with project management to raise attention that enables project managers to be appropriately

considered and assessed. However, there are a few limitations to this review. New research

alternatives might be suggested to attempt to integrate the two research domains of project

management and entrepreneurship. The evaluation of the consistency of start-up existence and

applied project management techniques and procedures are disregarded in this review due to the

focus on identifying project management methods and tools for startups. However, the results

suggest that project management tools and techniques should be used to manage the start-up’s

growth process effectively. Future research should emphasize on the cohesiveness of project

management and the possibility of a start-up’s continued existence to assess the value of project

management in digital startups. Furthermore, this review represents unique attempts at studies in

this area, and additional quantitative studies would offer extra reinforcement of the outcomes on

a larger scale.

Chapter 3: Methodology

3.1 Introduction

In order to stabilize the economy for any digital start-up is considered as a difficult job as they

spend hours making a good amount of profit that indicates a stable economic place in the market.

In globalization digital startups are one of the essential sectors as they help to reduce poverty and

unemployment from any underdeveloped country. Start-ups’ main aim is to find repeatable and

applicable business models because these models deal with traditional models of business

techniques that lead to higher revenue, healthy competition with others and also an increase in
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growth (Mantilla, 2020) . It also has been observed that while implementing these project

management models or techniques new startups have faced some challenges. With the

introduction of project management techniques to the startups those faced challenges are the aim

of this research.

The methodology which will be use in the research will be qualitative research study and

questionnaires will be use with open ended questions. This technique will help to collect in depth

information about how startups dealt with the project management difficulties.

3.2 Research Philosophy

Gathering as much data based on conducted surveys is the main purpose of a researcher. A

system of their thought that helps to follow the new opportunities and by which the research aims

are satisfied is termed as the scientific research philosophy. There are many surveys which are

conducted based on challenges faced by startups while implementing project management tools

and techniques for building any project. It has been observed from that research that collection of

data, processing with them and analysing based on those helps researchers to obtain a predicted

and optimistic outcome for the research (Saunders, 2009). There are multiple research

philosophies which can be applied for respective research but for this research a Positivism

research has been conducted and applied to extract a predictable outcome as this type of research

philosophy deals with data collection, sampling and interpretation through observation along

with measurement (Kiznyte, Welker and Dechange, 2016). The main principles of positivism

philosophy such as across sciences there are no difference about the logic of inquiry, the aim of

the research indicates explanation and prediction and not permitting common sense in terms of

research findings, the analysis and interpretation about the collected survey data is performed
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through logic. According to these main principles, the aim of this research is to justify the chosen

philosophy.

3.3 Research Approach

According to the definition of research approach, from broad assumptions to utilized methods of

data collection, analysis and interpretation, plans and procedures for research which helps to

span the steps. Various data is collected from different studies which are conducted on the

research aims that is the impact of the challenges faced by start-up while utilizing project

management techniques are first observed and then based on some hypothesis outcomes are

predicted. For this research we also uses qualitative research study and questionnaires uses with

open ended questions. This technique will help to collect in depth information about how

startups dealt with the project management difficulties. Research approach is the main

component of research methodology where three different types of approach are there such as

inductive, deductive and abductive. These three approaches are based on some individual criteria

(Zielske and Held, 2020). According to our research, the inductive approach is the best approach

in which the outcomes are gathered with the help of predictions obtained from observations and

theories and some interviews (Midler and Silberzahn, 2008). Three major applications of

inductive research are observations, pattern of the data and research and the theories about the

research. Grounded theory is considered as descriptive research conducted with quality. Some of

the parameters of the inductive approach are - bottom up direction, multiple spatial scales,

cognitive scale is multiple and high data intensity.


25

3.4 Research Strategy

The research strategy defines the whole process through which the research is being organized.

Various questionnaires based on the problems faced by startups regarding implementation of

project management techniques are collected and according to that some observations are noted.

A positivist research philosophy has been chosen among all research philosophies as it is most

justified with gathering data for research and an inductive research approach has been selected

for this particular research (Mingers, 2001). Amongst various data collection methods qualitative

research is considered as most suitable for this research with some survey methods that related to

the research schedule and the formation of a Gantt chart. For the purpose of interpretation of

data, we uses the atlas.ie software to analyse our qualitative data. The chosen research strategy as

qualitative indicate some extra advantage over quantitative such as big organization established

larger business whereas start-up need to apply an appropriate project strategy that leads growth

of their business, questions coming from the employees of any organization who faced problems

while implement project management strategies, a qualitative research also gives near o accurate

prediction that helps to mitigate those challenges, solution came from the managerial interview

also helpful to collect necessary information about the source of issue.

3.5 Data collection Method

Data collection method is a part of a research method and it consists of five different types of

data collection strategies which can be dispensed based on the research aim and approach in

corresponding to satisfy various motives. The five methods are survey methods that are

segmented into two types: questionnaires and interviews; qualitative data collection and

quantitative data collection methods, experiments and action research. For this research
26

qualitative has been selected for research within which observation type of qualitative data

collection method has been chosen as the many information about questionnaires of this research

has been gathered and those data are analysed through observation and by using the software

atlas.ie. Observation can be structured or unstructured and in structured observation, the

collection of data is accomplished on specific variables according to their per determined values

and in unstructured observation there are no predefined values for variables so researcher can

free to collect as much as data he/she needed from any media (Igwenagu, 2016). It has been

noticed that a specific semi structured data observation method is applied here as via telephone

and emails limited few business involvement has been conducted or accomplished while starting

a new business for any start-up companies such as the number of correspondents will be certain

as 10. Some important aspects of data collections are from feedback of customers with and

without the utilization of project management techniques, textual data has been observed, visual

analysis are performed through books and conducting interviews on people (Wilcox et al., 2012).

Interview Questionnaire will be consist of following questions:

1) In which Industry is your startup working?

2) What is the size of your company i.e how many employees are working?

3) Which Project Management technique is your company using? Like waterfall or agile etc.

4) What organizational difficulty has your company faced?

5) How has the Project management evolved over the course of startup’s life time?

6) Your company future plans for Project management success.

7) Describe a time when your company experienced Project management success?


27

The intended sample for this project is to collect non random sampling with the purpose to

collect all information needed and the best information from that samples. Over all 10 startups

will be studied to get more relevant information. People from these 10 startups will be chosen

purposefully according to their role within the organization and their knowledge in the subject

and interview will be conducted Live via Phone Call,Teams or skype.

Important aspects of Data collections

● Textual data observation from customer feedbacks of digital start-ups with and without

project management techniques

● Visual analysis from sources like books and interviews of people involved in the field of

digital start-ups(owners, workers and customers)

● Literature data and review collections of start-ups that introduced project management

techniques and their experiences along with data history and records from people who did

not work digital start-ups with project management techniques

3.6 Sampling Method

Sampling method comes from the term “sampling” in research and there are mainly two types of

sampling methods and they are probability sampling and non-probability sampling. The Process

involve first to create a series of questions to better understand the difficulties which start up face

in project management techniques. Questionnaires will be developed and sent out to different

people in startup which are personally known by the researcher and assuring that all answers will

be obtained. Then, representatives of startups will be contacted and find the out the interested

ones and questionnaire will be then sent over to them. The questionnaire will be made in semi
28

structured way that will take less time of the representative but enough time to provide required

important information for the research. After the questionnaire process the data will be

transcribed and recorded and separated in terms of company theme and industry.

The sampling method which is selected for this project is the simple random sampling which is

a type of probability sampling. A group of people, objects or items that are considered or

extracted form a larger population or measurement are known as sampling in the context of

research (Zhang, Lu and Cheng, 2021). There are many benefits of simple random sampling

which helps to observe and get the predicted and most accurate outcome from the research as it

is the purest form of sampling and the most straightforward probability sampling technique. For

a wide range of motives it is the most genuine method that chooses a simple among its respective

population or costumes (Xie, Heddy and Vongkulluksn, 2019).

3.7 Data Analysis

Straightforward newly settled firms or those in the arranging stage with almost no commitment

to business tasks using ICTs and the web will be moved toward actually on the ground, via

telephone, and by means of email. the significant members in this review. The survey will be

semi-organized, and in light of the fact that it will require an investment to accumulate the

material, there might be space for 10 answers (Lee, Hyeon and Hwang, 2020). The data was

accumulated through the effective assessment of six issues, as shown by the information above,

it is clear. In any case, it additionally runs the risk of passing up a great opportunity with

significant educational subtleties. Effective request, a strategy for social event emotional

information, involves filtering an assortment of information to recognize, inspect, and report

repeating themes. It is a strategy for consolidating information, yet as well as picking codes and
29

making subjects, it likewise includes deciphering. Use the codes in Atlas,ie to analyse the

interviews results. Effective examination is utilized in abstract investigation to concentrate on

significant subjects or occasions tracked down in the information. This technique could feature

the course, extensive depiction, and hypothetically taught understanding of significance of the

enlightening social event (Amarasinghe et al., 2020).

3.8 Ethical Consideration

Definitive principles and regulations lay strong emphasis on making the exam paper moral from

every angle, in line with how the evaluation was conducted. Many individuals come to the

conclusion that moral evaluation should focus on moment audit plans and approaches.

Mathematical outcomes are frequently replaced with text-based ones when thinking in terms of

emotional appraisal. An emotional researcher can't depend on regular techniques for resolving

specific issues like tendency and legitimacy since the master is considered as the exploration

device and the plan of solicitations should be figured out and changed as the survey advances. In

this manner, it is much of the time considered a fundamental part of emotional exploration to

gain from an assortment of mistakes (Kiani et al., 2018). While social occasion data from

individuals, experts are obliged to reliably stick to various moral standards. The severe rules in

the audit manual that should be observed while making the investigation report likewise feature

the need of saving moral issues.

3.9 Time Horizon

As indicated by the assessment's points, objectives, and questions, it got a cross-sectional time

Horizon. The examination depends on a solitary investigation for a specific measure of time,

subsequently the time horizon is cross-sectional. A cross-sectional fleeting horizon gives a fast
30

look at different portion gatherings (Robertson, 2020). Cross-sectional examination makes it

simpler to take a gander at numerous things found simultaneously all through the assessment.

This has helped the master in recommending answers for facilitating those difficulties through

the examination. The data accumulated and coordinated through effective review has made the

test really fascinating.

3.10 Gantt Chart

Chapters We We We We We We We We We We We We
ek 1 ek 2 ek 3 ek 4 ek ek 6 ek 7 ek 8 ek 9 ek ek ek
5 10 11 12

Chapter 1:
Introduction

Chapter 2:
Literature
review

Chapter 3:
Methodology

Chapter4:
Data
Analysis
31

Chapter 5:
Conclusion
and Findings

Figure 1: Gantt Chart

3.11 Summary

Any computerized organization that goes through hours making a sound benefit that shows a

solid financial situation in the market is respected to make some extreme memories settling the

economy. Computerized new companies are an urgent region in the worldwide economy since

they lower property and joblessness in emerging countries. It has been found through this

examination that social event information, handling it, and afterward assessing it permit

specialists to show up to a predicted and confident end for the review. There are numerous other

examination methods of reasoning that might be utilized, but for this review, positivism was

utilized to direct the exploration and concentrate an anticipated outcome since this sort of

exploration theory centres around social occasion information, testing it, and deciphering it

through estimation and perception.

Chapter 4: Data Analysis

4.1 Introduction

Computerized new businesses are popular in the present globalized world since they are viewed

as being pivotal to the development of a steady economy. Furthermore, it is fundamental for

work development and helps in resolving the squeezing issues of joblessness and neediness. To

make essential experiences for the exploration exertion, the concentrate in this space has
32

included information from the genuine diaries and papers. The review has inspected quantitative

information from essential information sources to assemble the fundamental information with

respect to the Startups work uniquely in contrast to laid out organizations, subsequently the

issues that emerge accordingly are particular and significant. Subsequently, numerous effective

significant ventures today are the posterity of these new businesses. New companies are likewise

analysed as organizations established by money managers and upheld by unfamiliar financial

backers. "The objective is to foster particular items or administrations, experience quick turn of

events, then exit through an exchange deal or an IPO.

4.2 Primary data analysis

4.2.1 Organization difficulties organization faced

Figure 2: Organizational Difficulty

Beast on the first question of the survey on the difficulties on the organization phase in the

current time most of the company are facing the lack of resources. As per the opinions on the

survey question 1, 70% of the participants voted for black on resources issues of the start-up
33

companies. At the time of creating any start-up business it needs to be supported financially and

other things to create sustainable business operations for making profit at the end. As per the

opinion of the participant most of the start-up business is facing issues on financial resources

such as adding funds on the business to create more sustainable operations of the business along

with that the starters also face the human resources issues or the agent issues. However 20% of

the participants on the surface stated that the company is facing scaling issues in the business

market at the time of start-up. As per the opinion of the participant the scaling of issues is one of

the second largest issues in the start of his business where the business can't address the scaling

of objectives for the business growth. Moreover, to scale up the business the company needs to

focus on the future goals and need to prepare for the financial growth of the market and also the

company needs to evaluate the competition of the business and understand its issues and

opportunities to create a sustainable business for future. As per the opinion of the participants the

scaling up or the growth issue is one of the biggest issues for a start-up business. As per the

participants' opinion 10% of them mention that funding or the unforeseen difficulties are one of

the reasons for the startups that create difficulties in starting business.
34

4.2.2 Describe the time when the company experience the project management success

Figure 3: Experienced Project Management Success

Based on the result of the survey on the 2nd question, which is the description of time when the

company experienced project management success, 60% of the participants voted for the agile

method usage of the company project management. Therefore it has been clear that most of the

participants believe in the agile method to create a successful project management experience for

the start-up company. 60% of the participants believe that the company needs to provide the

superior quality product to the consumers and also work on the consumer satisfaction to create

better business in the end. The company always needs to create the control on the products so

that they could use the feedback of the consumers on their product to improve the quality and

provide a better satisfaction to the consumers. However, 30% of the participants still believe that

the use of traditional methods in project management can create more successful results rather

than other methods and companies could experience the success of project management by using

the traditional methods rather than other agile methods. These participants have the belief that
35

the traditional business plan is much affected by the business plan for the new start of business.

This type of business plan allows the owner of the company to create the goals and objectives

and provide a proper business plan to achieve them. As per the traditional methods or in the start-

up business it provides a primary function to manage the future and current financial projection

of the organization that help the company to create a better future plan for the business

operations and project management. As per the result of the survey 10% of the participants all

believe that the planning for the future based on the project management good provides the

experience of project management success to the company at the time of start-up. As per their

opinion the company needs to plan for the future before conducting the project management and

need to focus on the future plans which will provide the company more accuracy on the success

of the project management and the experience of the success of the business operations.

4.2.3 Evolve of the project management over the course of start-up Lifetime

Figure 4: Project Management Evolving


36

Based on the third question on the evaluation of project management of the start-up company in

their overall lifetime the 40% of the participants believe that agile is the one of the reasons that

evolve the course of the start-up lifetime. So it has been clear that most of the participants are

believe that in the current business time for the starters they need to focus on the agile methods

where they only focus on the products quality and consumer satisfaction and the time of project

management which is the most important thing to evolve the project management over the course

of start-up lifetime. Therefore based on the result of this survey question it has been clear that the

agile method is one of the better methods in the business where this method reduces the risk and

increases the flexibility of the company which is one of the important factors of the start-up

business to provide better service to the consumers. All those agile of the business also provide

continuous improvement on the quality of the product and provide infrastructure that create a

flexible system for the company to understand the feedback of the consumers and continuously

imply on the product and increase the consumer satisfaction. Also this methodology provides

better team infrastructure to the data companies which improves the project predictability and

creates a better control on the quality of the product which creates a good impact on the

consumers. On the other hand the traditions of agile could be the reason for the evolution over

the course on the start of lifetime as been voted by the 30% of the participants. On the basis of

the participants' opinion on this particular question 30% of the participants are not specified

about the evolution of the project management of the course of the start-up lifetime.
37

4.2.4 Company future plan for the project management

Figure 5: Plan for Project Management Success

As per the opinion of the surface question on other future plans of the company for the project

management, 60% of the participants want the company to transfer their operating method from

traditional to agile methods. Therefore it has been clear that most of the participants believe that

the agile methods in a business is one of the best methods to create a better future project

management plan for the company. As per the method the company needs to focus on the

quantity and the quality of the product to maintain the consumers satisfaction which is to provide

the organization a better quality control on the product and also to improvise their business as per

they wanted. The agile methods of the business provide a flexibility for applying new changes in

the business and improve the project ability which will help the organization to reduce the risk

for their future project management. Although, as per the survey result 20% of the participants

are moving to the agile method which showcases that the other participants are also wanting the

company to maintain the agile methods in the business to create a better and sustainable business
38

project management in the future. Along with that the 20% of the participants also voted for

traditional methods which is a showcase that they wanted to stay in the traditional methods of

project management. Traditional methods provide the company owners full control on the

business operations and provide the full control on the goals and objectives of the business.

Figure 6: Atlasti Interviews results Chart

This above chart shows the interviews results in the form of graph as from the above graph it is

very clear that most company are using Agile methodology in their companies.

Figure 7: Interview codes Screenshot 1 from Atlasti


39

Figure 8: Interview codes Screenshot 2 from Atlasti

Figure 9: Interview codes Screenshot 3 from Atlasti


40

Figure 10: Interview codes Screenshot 4 from Atlasti

Figure 11: Interview codes Screenshot 5 from Atlasti


41

Figure 12: Interview codes Screenshot 6 from Atlasti

This above screenshots are taken from the Atlasti software which we uses for the analysis of our

data which we gathered in term of interviews, and this above screenshot shows the codes which

is the term provided by atlasti to analyse the data gathered.

4.3 Summary

It is therefore evident that the majority of participants think that in the current business climate,

beginning businesses should concentrate on agile methods where they only pay attention to the

quality of their products and the satisfaction of their customers, as well as on project

management, which is the most crucial factor in the evolution of project management over the

course of a start-up’s lifetime. Therefore, based on the results of this survey question, it is

evident that the agile technique is one of the better business practices. This way lowers risk and

enhances corporate flexibility, which is crucial for startups to provide customers with better

service.
42

Chapter 5: Discussion

As per the opinion of the participant most of the start-up business is facing issues on

financial resources such as adding funds on the business to create more sustainable operations of

the business along with that the starters also face the human resources issues or the agent issues.

However 20% of the participants on the surface stated that the company is facing scaling issues

in the business market at the time of start-up. As per the opinion of the participant the scaling of

issues is one of the second largest issues in the start of his business where the business can't

address the scaling of objectives for the business growth (Mantilla, 2020).

Moreover, to scale up the business the company needs to focus on the future goals and

need to prepare for the financial growth of the market and also the company needs to evaluate

the competition of the business and understand its issues and opportunities to create a sustainable

business for future (Hodaet al., 2017). As per the opinion of the participants the scaling up or the

growth issue is one of the biggest issues for a start-up business. As per the participants' opinion

10% of them mention that funding or the unforeseen difficulties are one of the reasons for the

start-ups that create difficulties in starting business.

The company always needs to create the control on the products so that they could use

the feedback of the consumers on their product to improve the quality and provide a better

satisfaction to the consumers. However, 30% of the participants still believe that the use of

traditional methods in project management can create more successful results rather than other

methods and companies could experience the success of project management by using the

traditional methods rather than other agile methods. These participants have the belief that the

traditional business plan is much affected by the business plan for the new start of business

(Kianiet al., 2018).


43

This type of business plan allows the owner of the company to create the goals and

objectives and provide a proper business plan to achieve them. As per the traditional methods or

in the start-up business it provides a primary function to manage the future and current financial

projection of the organization that help the company to create a better future plan for the business

operations and project management (Kenley& Harfield,2014).

As per the result of the survey 10% of the participants all believe that the planning for the

future based on the project management good provides the experience of project management

success to the company at the time of start-up. As per their opinion the company needs to plan

for the future before conducting the project management and need to focus on the future plans

which will provide the company more accuracy on the success of the project management and

the experience of the success of the business operations (Lee, Hyeonand Hwang, 2020).

Therefore based on the result of this survey question it has been clear that the agile

method is one of the better methods in the business where this method reduces the risk and

increases the flexibility of the company which is one of the important factors of the start-up

business to provide better service to the consumers (Hornstein, 2015). All those agile of the

business also provide continuous improvement on the quality of the product and provide

infrastructure that create a flexible system for the company to understand the feedback of the

consumers and continuously imply on the product and increase the consumer satisfaction.

Also this methodology provides better team infrastructure to the data companies which

improves the project predictability and creates a better control on the quality of the product

which creates a good impact on the consumers (Kiznyte,Welkerand Dechange, 2016). On the

other hand the traditions of agile could be the reason for the evolution over the course on the start

of lifetime as been voted by the 30% of the participants. On the basis of the participants' opinion
44

on this particular question 30% of the participants are not specified about the evolution of the

project management of the course of the start-up lifetime (Kianiet al., 2018).

The agile methods of the business provide a flexibility for applying new changes in the

business and improve the project ability which will help the organization to reduce the risk for

their future project management (Robertson, 2020). Although, as per the survey result 20% of

the participants are moving to the agile method which showcases that the other participants are

also wanting the company to maintain the agile methods in the business to create a better and

sustainable business project management in the future.

Along with that the 20% of the participants also voted for traditional methods which is a

showcase that they wanted to stay in the traditional methods of project management. Traditional

methods provide the company owners full control on the business operations and provide the full

control on the goals and objectives of the business.

Chapter 6: Conclusion

6.1 Key Insights

The goal of startups is to develop distinctive goods or services, experience quick development,

and exit through a trade sale or an initial public offering. Startups are also evaluated as

organizations founded by entrepreneurs and supported by foreign investors. Identification,

assessment, and exploitation of opportunities are all components of entrepreneurship. Similar to

that, it likewise heavily depends on modern technology. Innovation is what drives entrepreneurs'

inventiveness and is necessary for growth and sustainability. Additionally, as management is

regarded as one of the fundamental components of every firm, it also functions concurrently in

every start-up. Any computerized organization that goes through hours making a sound benefit
45

that shows a protected monetary situation in the market is respected to make some extreme

memories settling the economy. Computerized new companies are one of the vital businesses in

globalization since they help unfortunate countries with destitution and joblessness decrease.

These elements amount to the start-up by decreasing designing and waste hours, placing the item

in the possession of the objective client at the earliest opportunity, and thirdly, moving the start-

up’s focal point of gravity with the goal that it is extending toward the objective it set off on a

mission to accomplish while as yet leaving space for learning and improvement. Additionally, a

survey will be created that addresses all significant project management and execution issues in

computerized new businesses, such as hiring the incorrect leader, putting on a poor show when

taking risks, and having a limited understanding of the venture's scale. From there, the

possibilities are endless. It will then be sent to other start-up workers with the intention of

helping them find better solutions to their problems while concentrating on their degree of

business expertise. It will also be used as a reference for the review paper's informational annex.

Any computerized business that spends countless hours producing a sound advantage that

demonstrates a stable financial state in the market is regarded to create some extreme

recollections stabilizing the economy. Computerized new businesses are a crucial sector of the

global economy since they reduce property and unemployment in developing nations. Through

this investigation, it was discovered that managing social event data and then analysing it

allowed experts to arrive at a foreseen and confident conclusion for the review. Any new

company venture needs both financial and non-financial backing in order to establish long-term

operations that will generate profits. According to the participant's perspective, the majority of

new businesses experience problems with their financial resources, such as adding cash to the

company to make its operations more sustainable, coupled with problems with its agents or
46

human resources. However, 20% of the participants initially said that the company was having

scalability problems when it first launched in the commercial sector.

Due to the current business climate and rapidly changing needs, there is a need to be more

adaptable and actively integrate clients, particularly in the software development sector. Many

digital startups use an adapted version of agile management to do so. In contrast, others

characterize their development process using typical agile project management features,

indicating the unintentional use of an agile framework to some extent. Agile project management

qualities appear to be more suited for many projects since they are well-matched with the

qualities of today's environment. The widespread and practical implementation of agile

project management leads to whether traditional project management is unsuitable for

digital startups or perhaps obsolete. Traditional project management looks unsuited, particularly

in the information sector and in light of startups; limited resources, especially in the early

phases. This analysis is quite helpful in terms of integrating entrepreneurship with project

management. The similarities and differences concerning the traits and responsibilities of

businesspersons and project managers were discussed.

The participant believes that the second-largest problem at the beginning of his firm, after the

inability to handle the scaling of goals for business growth, is the scaling of challenges.

Additionally, in order to expand the business, the organization must concentrate on its long-term

objectives, plan for the market's financial expansion, assess its competitors, and comprehend its

challenges and possibilities in order to build a long-term, sustainable enterprise. Therefore, it is

evident that the majority of the participants trust the agile technique to give the new business a

good project management experience. The participants are of the opinion that in order to

generate greater revenue in the long run, a firm must provide consumers high-quality items and
47

focus on customer pleasure. The business must always maintain control over its products so that

it may use customer input to enhance product quality and boost customer happiness.

6.2 Conclusion

Project management is becoming more and more popular as a useful tool for businesses to

embrace change and adapt to the market in order to stay competitive in a quick-moving sector. In

today's corporate world, when resources are limited, timescales are shorter, budgets are more

constrained, and technology is always evolving, project management is crucial. As a result, it is

thought that using it in startups is advantageous since it boosts productivity. Agile and

conventional/traditional project management methodologies are the two main types that may be

identified for digital startups. Traditional project management is linear and places a lot of focus

on the project's beginning. Before the project pieces are assembled, a project is established and

separated into portions that are completed. By dealing with changing demands and unforeseen

events during project execution, agile project management (APM) approaches aim to adapt to the

current, quickly changing business environment. This increases the flexibility of this project

management approach above traditional project management. A task can be broken down into

smaller, more manageable tasks with short iteration intervals; less initial preparation reduces

rework and saves time and money on revisions. Additionally, a project's adaptable scope

promotes open communication with customers, raising client satisfaction. Project management is

now universally acknowledged as an effective method of segmenting work into projects to

facilitate communication and collaboration throughout the organization. Project management is

beneficial in terms of teamwork, planning, and running a business aggressively. Project

management is a method for carrying out well-organized processes and programmes that may

help a business prioritize and manage its operations, goals, and accomplishments as well as
48

endure market competition. Since it helps achieve goals through projects and is an effective way

to compete, sustain a firm, and enable the reaction to industry changes, project management is a

key competence inside enterprises. It is getting more complex since it involves more than just

numbers, patterns, tables, or graphs due to how intricately businesses are implementing business

strategies as projects. Reliance on traditional/conventional project management methods in

dynamic situations has been blamed for the complexity.

As a tool is physically utilized to accomplish a job in order to produce a product or end, a

technique is a set of actions, processes, routines, and rules in a field. To distinguish between the

two and avoid misunderstandings in later readings, a differentiation must be made. Similar to

rules and checklists, project management strategies ensure that the best procedures are followed

and that the intended outcomes are obtained. Compared to traditional project management, which

is linear, agile project management is more spiral. As a tool is physically utilized to accomplish a

job in order to produce a product or end, a technique is a set of actions, processes, routines, and

rules in a field. To distinguish between the two and avoid misunderstandings in later readings, a

differentiation must be made. Similar to rules and checklists, project management strategies

ensure that the best procedures are followed and that the intended outcomes are obtained.

Compared to traditional project management, which is linear, agile project management is more

spiral.

The characteristics of an agile approach are different from those of a traditional technique in

many ways. The growth route of a work is decided by its vision rather than by extensive

preparation. Agile techniques therefore place more emphasis on the execution stage than the

planning phase. By implementing an agile approach that emphasizes simplification, effective

processes, and resource efficiency, the lean development concept is included. In order to ensure
49

adherence to the concept's concepts, the agile approach places a strong emphasis on effective

team communication and external stakeholders. Startups want to create unique products or

services, grow quickly, and exit through a trade sale or an initial public offering. Startups are

also assessed as businesses started by entrepreneurs with funding from abroad. Entrepreneurship

includes all three of these activities: opportunity identification, evaluation, and exploitation. In a

manner similar to that, it also largely relies on contemporary technology. Entrepreneurs'

ingenuity is driven by innovation, which is essential for growth and sustainability. Management

also performs simultaneously in every start-up because it is one of the basic elements of any

company.

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