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BLOCKCHAIN AND SMART CONTRACTS FOR COMPLEX PROJECT MANAGEMENT CHALLENGES AND SOLUTIONS
Abstract
Complex project management often faces challenges such as lack of transparency, inefficient resource allocation, delayed decision-making, and difficulties in tracking project milestones. Blockchain technology and smart contracts present innovative solutions to these issues by offering secure, transparent, and automated systems for managing intricate project workflows. This study explores the potential of blockchain and smart contracts in addressing the key challenges of complex project management, including trust issues, collaboration in decentralized environments, and compliance with regulatory standards.
The research examines blockchain’s core features—immutability, decentralization, and traceability—and their applications in improving project governance, risk management, and stakeholder accountability. Smart contracts are analyzed for their ability to automate processes such as payments, milestone tracking, and resource allocation through predefined conditions coded into the blockchain. Case studies of industries such as construction, supply chain, and software development illustrate the practical implementation and benefits of these technologies.
Table of Contents
Chapter One: Introduction
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Objectives of the Study
1.4 Research Questions
1.5 Scope of the Study
1.6 Significance of the Study
1.7 Definition of Key Terms
Chapter Two: Literature Review
2.1 Concept of Complex Project Management
2.2 Overview of Blockchain Technology
2.3 Fundamentals of Smart Contracts
2.4 Challenges in Complex Project Management
2.5 Blockchain and Smart Contracts in Project Management
2.6 Case Studies on Blockchain Applications in Project Management
2.7 Theoretical Framework
Chapter Three: Research Methodology
3.1 Research Design
3.2 Population and Sample
3.3 Data Collection Methods
3.4 Data Analysis Techniques
3.5 Ethical Considerations
3.6 Limitations of the Study
Chapter Four: Data Analysis and Discussion
4.1 Overview of Data Collected
4.2 Challenges in Current Complex Project Management Practices
4.3 Applicability of Blockchain in Addressing Identified Challenges
4.4 Analysis of Smart Contract Solutions for Resource Allocation and Milestone Tracking
4.5 Discussion of Findings
4.6 Implications for Project Management Practices
Chapter Five: Conclusion and Recommendations
5.1 Summary of Findings
5.2 Conclusions Drawn from the Study
5.3 Recommendations for Integrating Blockchain and Smart Contracts
5.4 Contributions to Knowledge
5.5 Suggestions for Future Research
References
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