Project management and the importance of crises in the sectors of the national economy

Project management is one of the most important management tool in many companies. In the past decade, the word project has become widely known and used, and its importance has greatly expanded. Most often, it is used to name a sequence of related activities with a given beginning and an end, the purpose of which is the realization of a certain objective. All projects contain a part of uncertainty and they are exposed to unidentified or poorly predictable phenomena. Organizations that are not managed by projects deal with crises reactively. They will address the crisis when it occurs. Companies with project management use a proactive approach. They prepare in advance and they are able to handle a greater number and variety of urgency negative situations than they encountered in the past. The text deals with individual research of management of small and medium enterprises in the Czech Republic according to the sectors of the national economy. The aim of the paper is also to assess the project management and the importance of crisis in the sector of economy. As reported by the results of different sectors, it depends on the business in terms of project management and the importance of the crisis. (C) 2016 The Authors. Published by Elsevier B.V.