International Scientific Journals
of Scientific Technical Union of Mechanical Engineering "Industry 4.0"

Project management is an effective management approach that has proven to be a great value for development of the Western Balkan region. Successful project identification, preparation and implementation can help developing countries in their progress. This research focuses on Western Balkan countries and the most common project management barriers. They are analysed related to two groups of barriers, one linked to the human resource development, and other related to the government functioning. Later the barriers are connected to challenges identified by the PMBOK project management knowledge areas and how they are influencing the implementations in the analysed region.

In this paper, we want to show ideas on how building a Tech-Hub for boosting and strengthening the manufacturing sector in developing countries. We think this goal can be attained by creating a network composed of universities and enterprises between developed and developing countries, we think that this method will make more effective, easy and fast the process of creation of new products or processes by start-ups or enterprises of developing countries.