Increase the Projects’ Success rate through Developing Multi-cultural Project Management Process

The phenomenon of globalization has increased rapidly. The world has become like a village and many cultures have been mixed. As a result, everything in the world, including the organizations, has been affected by globalization and globalization's mixing of cultures. In order to take advantages of globalization and multiculturalism and survive in the global and competitive environment, the organizations should set the right organizational strategy and objectives and achieve them through portfolio management and project management. The portfolio management is defined as “the coordinated management of one or more portfolios to achieve organizational strategy and objectives” (The Standard for Portfolio Management, 2013, p.5). And the project management is defined as” the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements” (The Standard for Portfolio Management,2013, p.11). This paper focus only project management process and explains how to develop multi-cultural project management process and increase the projects’ success rate through following this process. Development of multi-cultural project management process consists of seven steps: Assess the multi-cultural competence level of the organization; assess the multi-cultural competence level of the project managers; design an organizational cultural map; assess the existing project management process; create an improvement plan; develop multi-cultural project management process; follow the multi-cultural project management process.