Tertiary Education Institutions practice an appreciable developmental effect, particularly within
the geographic region in which they operate. However, in the case of Greek Tertiary Institutions,
there is a general concern regarding their capability to correspond sufficiently in the requirements
of their «third role», which refers not only to teaching and research, but also to regional development.
The process of a systemic approach will determine the interaction between the region of
Thessaly and the Department of Project Management of the Technological Education Institution of
Larissa. Therefore, this paper aims to assess whether the Department of project Management
contributes in the economic and social growth and development of the region, by proposing and
implementing flexible organizational structures and specialized strategies.