PM competency for new businesses: A case study of a precision device manufacturer

Many companies adopt project management organization to develop products. In the current business environment, it is getting more difficult for project managers to bring projects to success. The expectations are increasing for methodology that helps to train project managers. Competency is the ability of an individual to do a job properly. It is a set of defined behaviors that provide a structured guide enabling the identification, evaluation and development of the behaviors in individual employees. Competency will be defined for every kind of job and competency of project manager is called PM competency. In order to cope with change of business environment, many companies entry into new businesses. There are many differences between conventional businesses and new businesses. Thus PM competency required for conventional businesses and PM competency required new businesses maybe different. In this study, we conducted case study in a precision device manufacturer in Japan to investigate relationships between PM competency and new business.