Open AccessUsage of Local Knowledge in International Project Management: Case Study of Regional Waste Management Centre in Subotica, Republic of Serbia
Author(s) -
D. Plazina Pevač,
Milan Trivunić,
L. D’Amico,
Zrinko Jakšić,
O. Stoilović
Publication year - 2021
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/656/1/012007
Subject(s) - project management , dominance (genetics) , project management triangle , business , process management , knowledge base , project portfolio management , project charter , operations management , knowledge management , engineering management , computer science , engineering , systems engineering , biochemistry , chemistry , world wide web , gene
International project management can largely depend on the initial parameters that international companies face when entering to new and unknown markets. Observing and using local knowledge in early stages of project development can minimize potential risks. This paper thus presents an example of the impact of perceiving or disregarding local knowledge during project implementation, as well as during the trial period of Regional Waste Management Centre (RWMC), executed by the international joint venture, in regards to the impact on the efficiency and effectiveness of the project cycle per Contractor. Through a causal loop diagram (CLD) the study shows that local knowledge should be an integral within the project implementation adding its success. This is mainly shown trough the parameters capability to enhance the reinforcing dominance of the system in a positive direction. By doing so a base of local knowledge can be formed whose inclusion or elimination from the project has direct influence of the overall success of said project. The data collected and analysed within this study, thus shows applicability to a new international project and serves as an inspiration for future project developments.