Project Business refers to any company or business engaging entity that provides its goods and services to its customers through projects. Examples of Project Businesses include construction, engineering, architecture, engineer to order manufacturing and various other types of professional services firms. Altogether, Project Businesses represent approximately 25 percent of all companies and is a rapidly growing sector. The term Project Business was first used by Karlos A. Artto and Kim Wikström in a research article published in the International Journal of Project Management in 2005.
First understanding the term Project Business and how it refers to businesses that possess the same core operational characteristics is critical to then understanding how Project Business Automation is a solution designed to help manage these types of businesses.