Globalization changes the dynamics of projects and adds a layer of complexity. It can adversely affect the project outcome if the project participants are not aware of what they might encounter regarding cultural differences and multinational economic transactions.
Global projects have unique influencing factors, including:
- Currency fluctuations and exchange rates
- Country-specific work codes and regulations
- Corporate joint ventures and partnerships, creating entities with a presence and facilities in multiple countries
- Political relations between countries
- Availability of high-demand workforce skills
- Describe how a global project can be more complex than a project performed within only one country.
- How do the influencing factors, listed above, affect the successful outcome of the global project?
- Support your positions with at least one current (no older than five years) scholarly source, beyond the course materials and textbooks. Library is a good place to find sources. Make sure to cite your sources following the APA format.
Pages 36, 37, 54, 55, 93, & 215 in Mastering Risk and Procurement
Noakes-Fry, K. (2016). Part II: Contracting for a resilient supply train. In K. Noakes-Fry (Ed.), Creating and Maintaining Resilient Supply Chains (64-101). Brookfield, CT: Rothstein Publishing.
Vereen, S. C., Sinacori, B., & Back, W. E. (2016). Critical risk considerations for cost estimating on international construction projects. International Journal of Construction Project Management, 8(2), 153-169.
Yamin, M., & Sim, A. K. S. (2016). Critical success factors for international development projects in Maldives: Project teams perspective. International Journal of Managing Projects in Business, 99(3), 481-504.
Das, A. (2013, October 29). Anti-dumping agreement: Overview. Centre for WTO Studies. UNESACP ITC Technical Capacity Building Workshop on Afghanistans Accession to WTO. Retrieved from http://www.unescap.org/sites/default/files/Third%20Technical%20Workshop%20on%20Afghanistan%27s%20Accession%20to%20the%20World%20Trade%20Agreement%20-%20WTO%20Agreement%20on%20Anti-dumping%20by%20Prof.%20Abhijit%20Das.pdf
Dodge, W. S. (2015, December). International comity in American law. Columbia Law Review, 15(8), 2071-2141.
International Contract Law and Administration. (2013). In M. H. Ferrara (Ed.). Gale Business Insights Handbook of Global Business Law (pp. 191-200). Retrieved from http://link.galegroup.com/apps/doc/CX2759300026/GVRL?u=coloradosu&sid=GVRL&xid=894ebbd0.
International Trade Administration. (2016a). Cash in advance. Retrieved from https://www.export.gov/article?id=Cash-in-Advance
International Trade Administration. (2016b). Letters of credit. Retrieved from https://www.export.gov/article?id=Letters-of-Credit-and-Documentary-Collection
Joshi, A. S., & Neumann, G. (2012, May 8). A primer for Alien Tort Claims Act. Retrieved from http://apps.americanbar.org/litigation/committees/businesstorts/articles/spring2012-0512-primer-alien-tort-claims-act.html
Kerzner, H. R. (2013). Project management: A systems approach to planning, scheduling, and controlling (11th ed.). Wiley: New York.
Lenaghan, J. M. (2018). Tort liability of school districts, officers, and employees. Retrieved from https://eric.ed.gov/?id=ED088234
Struett, M. J., (2016). American governance. In S. Schechter, T. S. Vontz, T. A. Birkland, M. A. Graber, & J. J. Patrick (Eds.), Vol. 3. Farmington Hills, MI: Macmillan Reference USA.
U.S. Census Bureau. (2018). Guide to foreign trade statistics. Retrieved from https://www.census.gov/foreign-trade/guide/sec2.html
U.S. Department of Justice. (2018). Foreign Corrupt Practices Act. Retrieved from https://www.justice.gov/criminal-fraud/foreign-corrupt-practices-act
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