Improving intangible assets through project management in transition countries

In recent years many challenges have been faced in project management, mainly connected to the arguably decreasing of tangible resources (financial and kinds) and to the increasing relevance of intangible assets in structure and process managerial topics. To this purpose the paper discusses the consequent crisis of the resources based approaches and the emerging of the Networking as a reply to the need of a more quality in knowledge management and to the recognition of larger capacities learned by project managers in creating organizational assets and in net building. The networking can be considered from an internal point of view and an external one. From one side, the paper will consider the macro and micro structure of projects in transition countries based on different roles and functions of actors (grant holder, partner, sponsor,…); from the other side, the capacities to create stable relationship among project entities as the basis to achieve higher Efficacy and Efficiency. In the paper these topics will be discussed considering the Networking approach used in projects managed by Bologna University with the aim to develop local system focused on SMEs in Serbia with particular regard to the intangible assets as strategic factors in initiative development.