A global project management plan is now the type that most organizations are using to reach the far corners of the earth. This is in part due the involvement of the internet and computers into the business communities. It is also partially due to the demand of the developing countries to become major forces in the world of commerce.
The new global project management plan has to now conform to international standards more closely than ever before. This allows for the deliverables that the business ventures are producing to be acceptable in more places. The main three are ISO9000, Prince2 and PMBOK. The business that do not follow at least one of these protocols for how a project should be documented and conducted can find themselves and their products barred from entering the markets in many regions of the world.
There is no one set of standards when used will make a business’s products acceptable in every market in all regions of the world. What the following of them does do is to show due diligence that your organization is willing to comply with set standards and have actual done so. When your project management plan is then reviewed by a new region your organization has never done business in before, entrance to the market is easier because of your past compliance with internationally accepted standards.
There will still be regional regulations that should also be a part of your project management plan. These regulations should have been discovered and reviewed while the project was undergoing the feasibility study. This allows for easier compliance of the regulations and acceptance of your deliverable to the market area you are targeting.
With today’s global economy and market place, you project management plan will have to be more detailed and structured than those of the past. The advantage over past projects is that you will be able to enter regions of the world that have your target audience that were unattainable. This will establish a new revenue stream that all business has a desire to create for their organization.