Value chain management: a project management approach

Having examined several process-oriented approaches to value chain management, the authors concluded that the project management model (and systems) was a suitable mechanism for managing the value chain. Experiences with managing the value chain using these systems has led to a thorough understanding of their strengths and weaknesses, and an understanding of the need for extensions and enhancements in a next generation project management systems for value chain management. This paper presents the requirements that were synthesized through these experiences. To demonstrate value chain management using a project management approach, the authors developed a prototype compound application, P++, using commercially available high-level, object-oriented tools combined with a small amount of procedural programming. Use of P++ to manage the value chain confirmed the project management approach to value chain management