Project Management – Enterprise Environmental Factors
By Jeremy Siegel
This is a quick Sunday evening read on project management. Usually articles this short are not posted here, but this article is extremely concise and beneficial. We hope you enjoy it! PM Hut
Enterprise Environmental Factors are the realities, outside of one’s control, that affect the project. The factors could be cultural, economic, logistical, or regulatory in nature. For a project spanning two different countries, examples of enterprise environmental factors might include language barriers, foreign business customs, and foreign legal guidelines. Cultural environmental factors can also be seen domestically, in the organizational structure and culture of the sponsoring firm. For example, an organization’s existing staff may be unable to efficiently perform the work required to run the project, or perhaps a firm’s cultural aversion to change might keep the project running at a slower pace than desired.
Economic factors include budget constraints (or windfalls) and general market conditions. Governmental regulations and the current political climate may also come into play. Overall, enterprise environmental factors can be thought of as the existing constraints or abilities present in the arena where the project is to take place. The project manager must consider the implications that environmental factors place on the project.
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