EXPANDING THE KNOWLEDGE ON PROJECT MANAGEMENT STANDARDS: A LOOK TO THE PMBOK® WITH DYNAMIC LENSES

Abstract

Although project management standards have become an important building block in project-based organizations, there is still the need to expand our knowledge in how to use them. The purpose of this paper is to develop an analytical principle-based approach for project management by identifying the elements of the PMBOK® that might enhance project performance in moderately dynamic environments. Specifically, we search for PMBOK®’s sections and processes that allow project managers to perform the roles and routines of dynamic capabilities builders. The paper shows that PMBOK® processes can be the source of sophisticated project plans but also, micro-foundations for dynamic capabilities.