Virtual value chains shape organisations into strategic, collaborative, value-driven entities where non-core activities are performed by partners with similar organisational cultures. A competitive edge is gained by collaboratively performing strategic activities more effectively and efficiently. This demands exceptional governance, transformational leadership excellence and systemic knowledge of applied programme management. This will result in efficient planning, monitoring and execution of construction programmes. Effective and efficient cross-functional and inter-organisational project management in virtual networks is a critical enabling competency of Industry 4.0 organisations. Bottlenecks and schedule overruns will largely be curbed.
Today’s complexity of technologies, emerging business models and business environments calls for specialisation and sustainable collaboration. Vibrant, flexible, high-performing virtual organisations of specialised partners are the critical success factors of the emerging business environment. Critical for Industry 4.0 organisations is the enhancement of their operational resources and innovation potential through the involvement of local, regional and international virtual networks of partners with adequate logistical support. Cross-functional programme-managed structures and culture, combined with effective and efficient transformational leadership, management and governance, is the ideal vehicle for delivering the integration, coordination, collaboration and synergy required for mitigating complexity and risk, while achieving essential organisational performance, strategic benefits and value add in the Industry 4.0 environment.