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Global Project Strategies II (GPS II)

Managing large, complex, and culturally diverse projects has become one of the most challenging issues in modern corporations. Project management processes, as currently conducted, usually lack focus on project risks and especially the risks in multicultural networked projects. The successful implementation of large global projects requires that project networks parties such as customer, subcontractors, local partners and non-business related actors must be integrated to the risk management process.

Global Project Strategies II is a research programme focusing on these managerial challenges. The aim of the programme is to develop new ways to manage effectively and innovatively risks in global project that are implemented in complex and changing institutional and business environments with several participating organizations. GPS II is a joint effort by three Finnish research institutions: Helsinki School of Economics, Helsinki University of Technology, and VTT. The programme is executed in a close collaboration with the participating companies andt he Collaboratory for Research on Global Projects (CRGP) at Stanford University. Together GPS II and CRGP share the same research objectives and apply similar comparative approach in empirical research. Data comparison and exchange of expertise between GPS II and CRGP also play a major part in the collaboration. The focus of GPS II is on the existing global project strategies and risk management of Finnish firms. GPS II research project is further divided into three subprojects with each assigned for a responsible for research organization.

KUVA

As a truly multidisciplinary research programme, GPS II together with CRGP has several advantages for the companies that participate actively in the research consortium: GPS II offers a significant opportunity for the participating company to further develop and improve their risk management practices in multicultural networked project environment. It provides the access to collaboration with the leading scholars of project management, engineering, and organizational research. It helps to create methods for tapping the opportunities as well as anticipating and preparing for the risks involved in the culturally and institutionally complex projects during the era of globalisation.