Effective project management for creative Europe

Abstract

The article focuses on increasing the efficiency of management of projects supporting European cooperation and mobility in the field of culture. The main research method of the article is the system dynamics (Forrester, 1961, Sterman, 2000), which is based on the concept of system thinking (Bertalanffy, 1976, Senge, 2006). The article presents a case study of a project and characterizes problems that need to be addressed by a project manager during the project management. The main tool of analysis is the system dynamic model. This model offers three options of policies as decision-making mechanisms of a project manager. Finally, using the cost-effectiveness analysis we chose the most suitable solution for a given type of the project. The system dynamic modelling of projects is a powerful tool for increasing the efficiency of decision-making in organizations that invest into development and innovations in the European environment of cultural and creative industries. The research is aimed at creating a simulation of the implemented project in order to improve teaching project management. © The Turkish Online Journal of Educational Technology.