The Project Business

Karlos Artto, Andrew Davies, Jaakko Kujala and Andrea Prencipe

in The Oxford Handbook of Project Management

Published in print February 2011 | ISBN: 9780199563142
Published online May 2011 | | DOI:

Series: Oxford Handbooks in Business and Management

The Project Business

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  • Business and Management
  • Business Strategy
  • Operations Management



Project business is an emerging research field, which adopts a business-centric view to the management of projects, firms, and networks of projects and firms. Project business has been defined as “the part of business that relates directly or indirectly to projects, with the purpose of achieving the objectives of a firm or several firms”. Relying on existing research, this article identifies firstly, the managerial challenges for successful management of projects and project-based firms and secondly, the research themes and opportunities that may enhance our understanding of project business. It uses the term “project-based firm” to refer both to firms that conduct part of their operations using projects and to firms that organize most of their internal and external activities in projects. Project-based firms and organizations are found in a wide range of industries, such as consulting and professional services, cultural industries, high technology, and complex products and systems.

Keywords: project business; managerial challenges; successful management; project-based firms; professional services; high technology

Article.  8041 words. 

Subjects: Business and Management ; Business Strategy ; Operations Management

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