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?