AGILE PROJECT MANAGEMENT APPROACH TO MANAGING INNOVATION IN SMEs

Project management can play an important role in implementing innovations, but SMEs in general require less formalized forms of project management then those appropriate for larger organizations. This research examines new directions in project management and innovation management theory and practice. Relevant literature is synthesized to provide a holistic picture of current knowledge of project management and innovation, highlighting its nature, principles, prerequisites, process and consequences. A comparison between agile project management and traditional approach to project management has been drawn. Empirical research has been conducted to analyze innovation management and project management practices in SMEs, and to identify their approaches, actions, methods and problems.