Abstract
Renewable energy attracts wide attention of world due to high importance and relevance. The study is devoted to this topic and aims to identify critical Project Management (further PM) knowledge areas those affect efficiency of green energy project, and to reveal PM tools those increase an efficiency. The study investigates 253 high-tech projects from Kazakhstan and compares green energy projects with projects from other industries like Information technologies (further IT), nanotechnologies and communications. Authors use Project Management Planning Quality (further PMPQ) model for measuring the efficiency of these projects and for identifying critical factors of efficiency. Results show that IT projects have highest level of efficiency (cost overrun –12,2%, schedule overrun –2,8%, project performance –8,8), when green energy projects show average level of efficiency (cost overrun – 45,13%, schedule overrun –6,2%, project performance –7,5). Research findings link these results with use intensity of PM processes. Project efficiency evaluation has also revealed critical knowledge areas for green energy projects like project schedule management, communication management, risk and quality management. Thus, authors have suggested tools and techniques from revealed knowledge areas for improving efficiency of project.Keywords: Green Energy Project, Project Efficiency, Project Management, Project Planning, Kazakhstan. JEL Classifications: C39, O21, Q20, Q42DOI: https://doi.org/10.32479/ijeep.8137
Highlights
Renewable sources of energy have been the point of interest in the world due to climate changes and the inevitable depletion of finite resources such as coal and oil (Heng, 2017)
The importance of green energy projects implementation has rapidly increased in the last years due to high interest of scientist and entire society in renewable energy
Comparing 253 projects from high-tech industry, this study has revealed that green energy projects have average level of efficiency and average score in use Project Management (PM) processes
Summary
Renewable sources of energy have been the point of interest in the world due to climate changes and the inevitable depletion of finite resources such as coal and oil (Heng, 2017). Kozhakhmetova, et al.: Green Energy Projects Efficiency: A Cross-industry Evaluation is likely to result in increased demand for energy, food and water (Karatayev et al, 2017; Mukhtarova et al, 2018). Despite high interest of scholars and existence of vast studies related to renewable energy, a limitation of the relevant literature, there are lack of researches devoted to green energy projects efficiency. The study investigates green energy projects efficiency level and critical factors that affect project efficiency from the viewpoint of PM. Authors suggest a model that aimed to identify specific knowledge areas of PM which affect efficiency of green energy projects. The objective of this study is to identify critical PM knowledge areas those affect green energy project efficiency and to reveal PM tools which increase green energy projects efficiency.
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