Project Management in The Public Sector. The Socio-Economic Approach

ABSTRACT: In the process of strategic planning in the public sector, there is often a wide material scope of issues to be addressed, which is particularly related to the large number of implementation tasks linked to individual strategic objectives. The management of a large number of projects within the public economy can be a more difficult and complex process in comparison to the situation that exists in the private sector due to the aforementioned material scope of planned activities, as well as due to the limited possibilities of selecting financial resources for the implementation of such tasks. The purpose of the paper was to assess the conditions and possibilities of applying the concepts and methods of strategic project management in the functioning conditions of public sector entities, taking into account the economic and social context. In the presented results of the study, the premises justifying the implementation of methods specific to project management processes with consideration of the role of the public sector in creating development through investment processes were identified. Furthermore, the benefits possible through the project approach and multiple project management as a way to improve the usage of public funds were identified. KEYWORDS: public sector, project management, strategic management