Title: The challenges and barriers in Traditional and Agile project management framework and strategies implemented by successful multinational companies to deal with these problems.
With globalization, the volatility in business and project management has been increased. Many direct or indirect, external or internal factors have been affecting the successful execution of the cross-border projects of multinational companies globally. According to the Research Organizational Culture, Socio Economic Factors, Cross National Culture and Top Management ideology influence the performance of the global project team. The purpose of this study is to illustrate and document traditional and agile project framework challenges and how the multinational companies implement strategies in consultation with their PMO (Project Management Office) to drive the project to success. Multinational companies have both project framework in place to their portfolio categorized based on their business segment. Though they efficiently accomplish the desired project performance and results and justify the project objective despite the varying dissimilarities in the challenges confronted by the project teams in traditional and agile project framework. The Project performance evaluation technique as Performance management baseline, Trends analysis, Earned Value analysis, Risk analysis, Sprint review, retrospective and many more helps to identify the success factors of the efforts taken to mitigate the challenges and barriers in the projects. We examine the moderating strategies thoroughly and signify main consequence of the application of the individual methodology to achieve the acceptable results which can be further exemplified as a reference for other industries. The outcome of the study will be resourceful to the small-middle scale industries to conduct and conclude their projects to the success despite the obstacles and constraints to increase the project success ratio and attain sustainable industrial growth.