Project management during the industry 4.0 implementation with risk factor analysis

Abstract

This paper analyses the process of Industry 4.0 implementation into the companies. The main purpose of this article was to determine the project framework for implementation of Industry 4.0 concept. The first part describes the basic principles of Industry 4.0 concept and 7 phases of Industry 4.0 implementation process. The second part describes the current state of art in the field of the project management in company with Industry 4.0. The third part deals with the implementation of Industry 4.0 project phase description and the definition of used methodology. The next part consist of the methodology application for the definition, evaluation and suggestion of solutions to reducing the risk threads for the typical production company in middle Europe. The last part deals with the project team members recommendations in case of small, medium and large companies.