Impact of Agile Project Management on the Competitiveness of Chinese Software Development Organizations
DOI:
https://doi.org/10.53819/81018102t4067Abstract
Software industry is a significant contributor to the Chinese economy. The industry has more than 12 million employers with over 250 million employees and creates almost $1.9 trillion worth of structures yearly. Software industry remains the main driver of growth in China. Basically, a task is developed to meet market demands or demands in a timely fashion. Different possibilities may be thought about in the conceptual drawing board, and also the technical and also financial feasibility of each alternative will be assessed and compared in order to select the very best feasible job. The software industry in China is forecast to grow by 7.7% in 2021, driven by strong Y-o-Y growth in the first quarter, reflecting the comparison to the previous year's period when software development work was halted across most of the country. Thereafter, the software industry is expected to record an average annual growth of 4.2% between 2022 and 2025. The industry's growth over the forecast period is expected to be driven by investments on new infrastructure, including investment in the areas of 5G networks, Artificial Intelligence, the Internet of Things, and data centers. This study evaluated factors affecting software development sector performance: explanatory factor analysis evidence from China. From the literature reviewed, it was established that entering the Chinese software development markets still seen as exciting but difficult by many foreign software developers and consultants. The study found out that while agile project management has become increasingly important for high-tech software industry in China, firm performance varies greatly due to companies’ different degrees of innovation capability and internal and external environmental dynamics. The study concludes that the results the results provide guidelines for project agility practices in high-tech firms in China, with the potential to improve these firms’ competitiveness.
Keywords. Agile project, Project management, Software development, competitiveness, development organizations.
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