Article Preview
TopIntroduction
In today’s highly competitive environment, project management has become a critical activity in most modern organisations, requiring new and improved method of management and technical skills, hence the need for the application of project management as a strategic tool (Wessels, 2007). The concept of strategy has gained a lot of attention in recent times, yet strategies frequently fail not because of inadequate formulation but rather due to insufficient strategic implementation (Hrebiniak, 2006). The strategic project management has been found to combine organisation strategy and project management principles (Grundy & Brown, 2002). Most organisations start with the development of a strategic plan, but this alone is not enough? Today many public research organisations have failed in the implementation of their strategic plan formulated for efficient execution of R&D projects (Siyanbola et al., 2012). A strategic project management plan that is well formulated will enhance the organisation performance when they are implemented successfully (Resch, 2011). The strategy literature claims that between 50 per cent and 80 per cent of strategy implementation efforts fail (Ashkenas & Francis, 2000; Beer & Nohria, 2000; Carlopio & Harvey, 2012; Jonk & Ungerath, 2006; Raps, 2004; Atkinson, 2006). Also according to Bell, et al. (2010), strategy execution is commonly the most complicated and time consuming part of strategic management, while strategy formulation is primarily an intellectual and creative act involving analysis and synthesis. As evidenced from the reviewed literature, numerous studies suggested that strategies frequently fail not because of inadequate formulation, but because of deficient implementation (Hrebiniak, 2006; Allio, 2005). The efficient management of projects in an organisation, therefore, contributes to its sustainable competitive advantage. When this is not attained, affects the organisation’s performance adversely. Although this is a far-reaching issue with respect to developing innovations for development, especially in developing countries like Nigeria, not many research reports can be found in the literature of providing scientific evidence or otherwise of it.
For organisations to achieve a competitive advantage, the selection and prioritisation of projects have a part to play. SPM, therefore, helps in the prioritisation of projects by executing those projects that will address the organisational strategy and add to the competitive advantage. According to the report from Standish Group (2009), a number of organisations do not achieve the set goals in the execution of their projects, among them, the completion of the project in the predicted time, within the budget and the agreed quality. On the other hand, a more serious problem seems to be that many of them fail to achieve business goals or its set objectives, while it is commonplace that the desired results fail to be achieved (The Standish Group Report, 2009). The purpose of this paper, therefore, was to examine problems being faced by senior project practitioners in Nigeria in the execution of R&D projects, and to propose solutions on how strategic project management can be employed to enhance the performance of public research organisations. The next section presents a detailed review of literature of public research organisations, research and development projects, and strategic project management. This is followed by an explanation of the method employed to achieve the research aim. The subsequent section presents discussion and the findings.