IJPM Editorial

Volume 19, Issue 4, 2024

1. Generative Artificial Intelligence for Agile Project Management

- Richardus Eko Indrajit & KC Chan

Projects start with people's thoughts, which have to be honed down into parts to carry out. Then there has to be effective project management. It has to be managed. It's a demanding task to arrange everything so that the right things happen at the right time. Artificial intelligence can rapidly produce provide frameworks, examine patterns, predict outcomes, and work out how to distribute resources. Agile thinking is still key. Generative artificial intelligence uses agile methodologies to uncover new insights. Combining generative artificial intelligence with agile project management can reduce the stress and speed up the process, as well as revealing more connections and spark new ideas. Assuming good teamwork, flexibility and a common desire for improvement, there will be more collaboration, creativity and innovation.

 

2. Reinventing the Business Model Canvas for Sustainable Cooperative Development: Insights from the Malaysian Retail Cooperative Sector

- Mohammad Noorizzuddin Nooh

The business model canvas is a basic template of a business which provides a start-point for development plans. The template has nine segments, each asking questions to consider and can be adapted for a wide range of businesses. This article argues that it is less suitable for cooperatives, where the main goal is not profit. The International Cooperative Alliance defines a cooperative as “an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically controlled enterprise.” Members are co-owners, they contribute in some way, for example, as customers, employees, suppliers or designers and have a say in decisions. This fundamentally changes the traditional profit-oriented approach to business. Therefore it needs a different business model canvas

 

3. Influence of Resources, Skills, Regulatory Requirement and Trust on Outsourcing of Accounting Functions among Micro and Small Enterprises In Malaysia

- Thilagan A/L Rajendran

Every business has to keep track of its finances, to satisfy the authorities, comply with regulations and pay any taxes due. This can be complicated, and small firms often don’t have resources to do this. Large firms can afford an accounting department, but smaller ones need to choose between in-house or outsourcing, which is more expensive. to experts. However, it may be a saving to get it done correctly first-time. Penalties for getting it wrong, even inadvertently, can be harsh. The right decision depends on the level of accounting skills within the firm. There needs to be somebody who fully understands financial processes and keep abreast of regulations which may change from year to year. Successful outsourcing depends on a strong trusting relationship between accountants and clients. When it works well, it saves money, time and anxiety.

 

4. Engaging the Virtual Realm: A Study on Driving Factors for User Acceptance and the Adoption of the Metaverse

- Stephy Shim

The metaverse is difficult to pin down, with many and varied definitions. Fusing several found on the internet, it is a shared virtual world where people, as avatars, interact in real time, in environments that imitate reality. The term came from a science fiction novel in 1992, Snow Crash, by Neal Stephenson. Since then it has developed into serious use. For example, it can be used in the training of surgeons before they operate on a real person. There are many sceptics, as there were about the internet in the 1970s. This paper explores the doubts and questions. How can people’s understanding and acceptance be increased? What do users enjoy in virtual worlds? What will persuade people to use the metaverse? What marketing strategies are best? These are questions so far unanswered.