In the 1990s, Japanese companies experienced a deflationary recession called the “lost ten years”. To survive the recession, they looked for solutions in the kaikaku (innovative reforms) of business management, organizations and technology, whilst struggling to regain their global competitiveness. Successful companies all had one thing in common — they applied a new project management paradigm which this book refers to as Kaikaku Project Management (KPM).This book provides a comprehensive look at the features of KPM, including its emphasis on creativity and teamwork, its broader “open value system” as opposed to a “closed technical system”, its close links with corporate strategy and human resource development, and the support infrastructure needed for advancing KPM. Chapters cover both the theory and practice of KPM, citing cases of information and communications technology (ICT) and pharmaceutical companies, among others. KPM holds special relevance today as global competition is increasingly reducing the lifecycle of organizations. Managers will find in KPM not only a way to survive the shake-up, but also a framework of value creation for the next generation.