Project Management (PM) principles are rapidly changing due to business globalization and information technology (IT) advances which support distributed and virtual project teams. Traditional PM focuses on a single project at a single location [11] and is more concerned with project inputs and outputs than with the project work itself [42]. Traditional PM emphasizes scheduling, planning and tra...

Software development is a people intensive activity. The abilities possessed by developers are strongly related to process productivity and final product quality. Thus, one of the most important decisions to be made by a software project manager is how to properly staff the project. However, staffing software projects is not a simple task. There are many alternatives to ponder, several develope...

This paper investigates a principal-agent model in which an owner (principal) optimizes a contract with a manager (agent) delegated to undertake an investment project. In the model, we explore the effects of costly exploration by which the manager learns the real value of development cost. We show that high exploration cost can lead to a pooling policy not contingent on project type. Further, a...

It is commonly agreed that project management competence is a critical success factor for project based organizations. However, there is not sufficient research in literature to develop objective analytical methods to identify required project management skill level for a project. In practice, practitioners still need an effective methodology to determine competence level needed to manage a par...