Efficiency Of Project Management Research Articles

The effectiveness of applying the economic and technological dimensions of the kingdom of Saudi Arabia’s vision 2030 to achieve the competitive advantage of the Hail Region

This research focuses on examining the impact of Saudi Arabia’s Vision 2030 on the energy industry, specifically in the Hail region, by exploring the role of technological and economic strategies in fostering sustainable energy development. The study aims to identify key factors that facilitate the implementation of Vision 2030 to assess the current energy landscape in Saudi Arabia. By delving into the economic and technological dimensions of Vision 2030, the research seeks to determine the essential components that the Kingdom of Saudi Arabia needs to establish systems and initiatives that align with global scientific and technological advances, ensuring competitiveness and progress in the global arena. By surveying 60 faculty members from Hail University, the study employs a descriptive-analytical approach to unravel how economic activities and technological advancements collaborate to shape a sustainable and competitive energy sector. The findings highlight the crucial role of technological innovations, including advances in administrative processes, human resource management, regulatory frameworks, and technical infrastructure related to energy efficiency and renewable energy technologies. Furthermore, the study evaluates economic aspects such as labor market reforms, skill development programs, and support for emerging energy enterprises. The results underscore the positive impact of technological and economic interventions on the energy sector in the Hail region, with significant improvements in energy project management efficiency and the creation of a conducive environment for sustainable energy practices. The study reveals that the integration of technological and economic initiatives has led to notable improvements in the energy sector, reflected in average values ranging from 68% to 84%. These results underscore the fundamental role of Vision 2030 in advancing sustainable energy development and underscore the importance of leveraging economic and technological strategies to achieve energy sustainability and competitive advantage. This research contributes to understanding how Saudi Arabia’s Vision 2030 is driving progress in the energy industry and emphasizes the importance of integrating economic and technological approaches in shaping a sustainable energy landscape. The findings provide valuable information for policymakers and stakeholders in the energy sector, highlighting the need for concerted efforts to harness economic and technological advancements to promote sustainable energy development. By showcasing the transformative impact of Vision 2030 on the energy sector in the Hail region, this study underscores the originality and importance of research in advancing the goals of sustainable energy development in Saudi Arabia.

THE IMPORTANCE OF USING SOFTWARE IN THE DEVELOPMENT OF PROFESSIONAL COMPETENCIES OF FUTURE ROAD ENGINEERS

Road engineers play a crucial role in designing, constructing, and maintaining the infrastructure that connects communities and facilitates transportation. In order to excel in this field, future road engineers must possess a combination of technical skills and interpersonal abilities known as professional competencies. One key aspect that can greatly enhance the development of these competencies is the use of software tools. This article will explore the importance of utilizing software in the education and training of future road engineers to enhance their professional competencies. By leveraging software in their learning and practice, road engineers can hone their technical abilities, improve efficiency in project management, and cultivate essential soft skills for effective collaboration and communication in the workplace. Ultimately, incorporating software into the development of professional competencies is essential for preparing future road engineers to succeed in the ever-evolving field of transportation engineering.

NAVIGATING THE APPLICATION OF ARTIFICIAL INTELLIGENCE IN PROJECT MANAGEMENT: A SCIENTOMETRIC ANALYSIS

This comprehensive literature review delves into the extensive body of research exploring the role of artificial intelligence (AI) in project management. Its primary objective is to amalgamate current knowledge while discerning prevalent trends, challenges, and advantages associated with incorporating AI into project management methodologies. The study employed bibliometric analysis using VOSViewer® software to scrutinize 246 pertinent publications sourced from the Scopus database, spanning the years 2013 to 2023. The findings from the Association Strength and Density Analysis revealed distinct clusters: Cluster 1 elucidated strong associations with terms like «construction project» «technology» «algorithm» «performance» and «time»; Cluster 2 emphasized «case stud,» «decision» and «cost»; while Cluster 3 concentrated on «literature» «industry» and «framework» Moving forward, promising areas for further exploration encompass the refinement of AI algorithms, exploration of AI’s impact on project outcomes, and the fusion of AI with emergent technologies like blockchain and the Internet of Things (IoT). This research serves as a foundational roadmap for future investigations aiming to leverage AI to enhance project management effectiveness and efficiency. Keywords: scientometric analysis, bibliometric review, project management, artificial intelligence, Machine Learning, cluster analysis, research trends.

Identification of Critical Success Factors (CSFS) for PPP Scheme Toll Road Projects in Indonesia

Public-Private Partnership (PPP) models represent an innovative procurement approach and offer promising prospects for the future of the construction industry worldwide. However, in practice, not all PPP projects, particularly toll road projects, succeed in achieving their goals. This poses a unique challenge in determining the Critical Success Factors (CSFs) as the basis for evaluating project success. Therefore, the aim of this research is to identify and explore the concept of CSFs for toll road projects under the PPP scheme based on reputable academic journals in the last 10 years. This study employs a sequential exploratory mixed methods methodology to identify and explore CSF indicators for PPP scheme projects and to verify and validate the findings. The re-sults of this study reveal 13 indicators crucial for project success, categorized into 8 factors. The findings of this research contribute significantly to the management of PPP toll road projects in Indonesia, serving as a reference for stakeholders in decision-making to enhance the effective-ness and efficiency of toll road project management.

To collaborate or not to collaborate: A transaction cost economics approach to construction contracts in public-private partnerships

Public-Private Partnerships (PPPs) are often seen as a cost-effective way of providing public infrastructure. However, mega-construction projects involve many hidden costs that arise during the project life cycle. These costs are known as transaction costs. This article investigates how a construction contract under a PPP can reduce transaction costs. Using Transaction Cost Economics (TCE), the article draws on empirical studies from six countries to identify four factors that affect transaction costs in construction contracts namely: (i) Concessionaire predictability, (ii) Contractor predictability, (iii) Project Management Efficiency, and (iv) Project Environment Uncertainty. Different types of construction contracts were comparatively analysed against the aforementioned four factors. The findings indicate that collaborative contracts are more likely to favourably address these four factors by lowering transaction costs compared to non-colloborative contracts. The article concludes that using collaborative contracts can make infrastructure PPPs more affordable than other public procurement methods.

Power-Carbon Information Management System Based on Machine Learning

With the deepening reform of the power market and carbon market, great progress has been made in informatization. Power information may be stored in many scattered places, and it is difficult to share data between different departments or systems. This leads to fragmentation and redundancy of information and makes information exchange difficult. Blockchain can improve the reliability of Power-Carbon Management System (briefly described as PCMS for convenience) data processing. PCMS informatization has become the basis for improving the quality and efficiency of project management and maximizing the environmental and economic benefits of the project. Because the power information management system can effectively control the flow of information and resource allocation. Due to the requirement of low-carbon and stable power production, PCMS attaches great importance to the application and implementation of information in power management, but does not attach enough importance to the informatization of power production management. Therefore, this paper analyzed the current situation, characteristics and existing problems of PCMS through machine learning algorithm, then constructed the design principles, and finally proposed the optimization path of PCMS according to the principles. The information collection ability and system control ability of the optimized PCMS were better than the original PCMS. The information collection ability was 14.2% higher than the original, and the system control ability was 9.8% higher than the original. In general, both blockchain and machine learning can improve the data reliability of PCMS.

CONCEPTUALIZING COMMUNICATION EFFICIENCY IN ENERGY SECTOR PROJECT MANAGEMENT: THE ROLE OF DIGITAL TOOLS AND AGILE PRACTICES

This conceptual paper explores how digital tools and agile practices can enhance communication efficiency in energy sector project management. It posits that the integration of technology such as project management software, real-time data sharing platforms, and agile methodologies can significantly streamline communication, ensuring more responsive and adaptable project management. The paper develops a conceptual framework that outlines the interactions between these technologies and project management practices, suggesting pathways for implementation and potential impacts on project success. The paper will use a conceptual analysis approach, drawing on existing theories and models from the fields of information technology, agile methodologies, and project management. It will build on these foundations to propose a novel framework, illustrated with hypothetical scenarios and potential outcomes. The paper is designed to contribute to the academic discussion by not only reviewing existing knowledge but also by proposing new conceptual frameworks that can guide future research and practice in the management of energy projects, particularly focusing on the critical aspect of communication. Keywords: Communication Efficiency, Energy Sector, Project Management, Digital Tools, Agile Practices.

АУДИТ ІННОВАЦІЙ В БУХГАЛТЕРСЬКОМУ ОБЛІКУ ТА ТЕХНОЛОГІЯХ УПРАВЛІННЯ

Formulation of the problem. Іnnovations introduced into accounting and management practices require adequate auditing to ensure their reliability and compliance with standards. However, existing approaches to the audit of innovations in accounting and management technologies may be insufficient or unadapted to modern requirements and realities of the market environment. The purpose of the study is to consider and analyze modern approaches to auditing innovations in accounting and the use of advanced management technologies to support innovation processes in enterprises. The object of the research is auditing methods and approaches used to assess the effectiveness and risks of innovative processes and products in accounting. Research methods: logical and meaningful method, methods of comparison, systematization, induction and deduction, analysis and synthesis, coefficient method. The main research hypothesis. The implementation of innovation audits in accounting and the use of advanced management technologies contributes to the improvement of the efficiency of management of innovation processes and ensures an increase in the competitiveness of the enterprise. Presenting main material. The article examines the formation and development of the market of business incubators in Kyrgyzstan. The types of services provided by business incubators were considered in detail, the structure of business incubators was characterized taking into account their types and types, the main industry markets in which they grow small innovative companies were described. An audit of articles on the dynamics of industry specialization of residents in business incubators and the main mechanism for placing residents in business incubators was conducted. Originality and practical significance. The study seeks to reveal the importance of the interaction between these two aspects and show how they can interact to support innovative processes and strategies in enterprises. By revealing methods and approaches to innovation audits and the use of advanced management technologies, this article provides practical recommendations for improving the efficiency of innovation project management, improving financial reporting and reducing risks. Conclusions and prospects for further research. The application of an integrated approach to the audit of innovations and the use of advanced management technologies can contribute to increasing the competitiveness and success of the enterprise in the conditions of constant changes in the market. The presence of proper innovation audit processes and the use of advanced management technologies is a necessary condition for achieving stable and successful development of the enterprise in the conditions of the modern economic environment.

Financial Calculation Problems and Countermeasure Analysis of Large-Scale Engineering Construction Projects

The financial aspects of large-scale engineering construction projects profoundly influence their success. Strengthening cost control and establishing a scientific financial evaluation system can enhance the project’s economic benefits, minimize unnecessary costs, and provide decision-makers with a robust financial foundation. Additionally, implementing an effective cash flow control mechanism and conducting a comprehensive assessment of potential project risks can ensure financial stability and mitigate the risk of fund shortages. Developing a practical and feasible fundraising plan, along with stringent fund management practices, can prevent fund wastage and optimize fund utilization efficiency. These measures not only facilitate smooth project progression and improve project management efficiency but also enhance the project’s economic and social outcomes.

Analysis of the Сonstruction Market in Russia and Abroad in Order to Сurb the Growth of Construction Costs and Ensure the Сompetitiveness of Enterprises by Increasing the Efficiency of the Cost Accounting and Сontrol System

The purpose of the study is to analyze the Russian construction market and the prospects for its development in the context of large contracting companies, as well as to determine contractor competitiveness and the place of the largest domestic construction companies in the world ranking. Comparison, analysis, as well as graphical, tabular methods of data presentation and visualization were used as research methods. The paper presents an analysis and characteristics of the Russian and world construction market, its dynamics, structure and key players. The main trends and drivers of the construction industry are described. The volume of construction is growing every year, despite the economic and political crises of past five years. This fact indicates a high demand for construction products. The article considers the main players in the Russian and foreign markets. The leading positions in terms of construction volumes are occupied by such countries as China, the USA, Japan and the EU, while the Russian Federation lags behind in terms of construction production volume. Only four construction companies in the world have a turnover of more than $ 100 billion, while maintaining a significant lead over other players. Whereas the development of the global construction market is associated with population dynamics, an influx of investments in the Asian region is expected, which in turn will contribute to the development of technologies and the introduction of innovations in the field of construction management. The study revealed a direct correlation and relationship between the competitiveness of construction companies and internationalization. Despite the increasing interest of Russian developers in foreign projects, at the moment the expansion trend of Russian construction companies is just beginning to take shape. It is concluded that in order to increase the competitiveness of Russian construction companies in the world market, the efficiency of project management and cost optimization, it is necessary to introduce an effective system of projects cost accounting and control.

Enhancing Project Management Efficiency Through AI Integration, Team Proficiency, and Organizational Support: A Study in the Pakistani Context

In the realm of Artificial Intelligence (AI) integration and project management efficiency (PME), a comprehensive research study has been conducted, primarily focusing on various industries in Pakistan. The intricate interplay between AI integration, team proficiency in AI, organizational support for AI technologies, and PME forms the crux of this investigation. The theoretical underpinning of this research has been rooted in the Resource-Based View (RBV) theory. Data for this study have been collected through a structured questionnaire survey, targeting a diverse group comprising project managers, IT managers, senior executives, and other key personnel engaged in AI-driven decision support systems. The research has revealed significant positive correlations between the integration of AI, team proficiency in AI, organizational support for these technologies, and PME. These findings highlight the crucial role these elements play in enhancing project outcomes. This study, by uncovering these relationships, offers valuable insights for organizations aiming to optimize their project management practices, especially in emerging economies like Pakistan. It contributes to the existing body of knowledge by providing a nuanced understanding of how AI integration can be leveraged to enhance project management efficiency. Furthermore, the study discusses broader implications for policy and suggests directions for future research, emphasizing the strategic importance of nurturing AI competencies and fostering organizational support for AI technologies to realize enhanced project management outcomes.

Enhancing the occupational safety and well-being of mining and construction workers: an application of emotional intelligence training (EIT)

The mining and construction sector in Nigeria holds a pivotal position in driving economic development; nonetheless, it encounters notable challenges, such as project failures and safety apprehensions. The impact of leadership and safety considerations encompasses a broad spectrum of outcomes for projects and the welfare of individuals. The primary aim of this study is to investigate the possibility of inducing significant changes by introducing emotional intelligence (EI) training in the mining and construction industries in Ogun State, Nigeria. The present study employed a mixed-methods research design to authenticate the significant enhancements in post-training emotional intelligence (EI) levels seen among personnel at New Creation Constructions Ltd. The study included the consideration of five distinct groups (A-E) that were responsible for managing comparable projects. The optimization of Group E’s improvement was achieved by the implementation of Emotional Intelligence (EI) training, and subsequently compared to the performance of the remaining four groups. The safety procedures within Group E experienced a substantial enhancement, marked by an escalated utilization of protective equipment, heightened consciousness of safety measures, and a reinforced dedication to safeguarding the welfare of colleagues. Group E exhibited outstanding project management efficiency, displaying commendable performance in multiple areas such as budget adherence, adherence to safety procedures, stakeholder satisfaction, effective communication, and proficient procurement management. To optimize the benefits outlined above, we suggest implementing emotional intelligence (EI) training programs, leadership development initiatives, stress management interventions, regular evaluations of well-being, and focused research tailored to the specific needs of the organization.

Leveraging AI-Driven Predictive Analytics for Enhancing Resource Optimization and Efficiency in Agile Construction Project Management

Leveraging AI-Driven Predictive Analytics for Enhancing Resource Optimization and Efficiency in Agile Construction Project Management

Project Management Efficiency Measurement with Data Envelopment Analysis: A Case in a Petrochemical Company

The research question this study poses is how to measure the efficiency of project management activities. The purpose of this article is to quantify the efficiency of the execution of a project portfolio managed by a project management office (PMO) structure. The research subject is a PMO operating within a petrochemical manufacturing company in southern Brazil. The research method is quantitative modeling. The study employed data envelopment analysis (DEA) to calculate the relative efficiencies of projects in three classes according to complexity over a period of four years. Each project is a decision-making unit (DMU), as required by the DEA procedure. One novelty is the calculation of cost- and time-weighted efficiency values, which slightly differ from the average. The main results indicate that the average efficiency for classes of projects roughly stands between 40 and 80%. The results also indicate a learning process guided by the PMO, as the average efficiency increased over three years in two classes of projects, according to the prioritization imposed by the office. The study also pointed out that the most influential variables in determining project efficiency are accuracy in meeting deadlines and the time planned for completion. The most important implication is that, from now on, the company has a theoretical foundation to justify focusing further efforts on reducing and controlling time to completion, not only cost and scope conformity, to increase overall project efficiency. Future research should prioritize investigating management techniques that increase the likelihood of completing projects within their deadlines.

Project Management Enhancement through Technology

Purpose: The main goal of this manuscript is to evaluate the impact of technology adoption and integration on project management practices, identify challenges and solutions, and explore the potential of emerging technologies for enhancing project management efficiency and effectiveness. Scope: The study takes a global approach to assess how technology impacts project management across various industries and organizations, mainly focusing on technology adoption trends in different sectors and advanced solutions. Conclusions: The manuscript details how automation and software improve project efficiency and predictability, discusses limitations, including software glitches and downtime necessitating backup systems, and identifies AI (Artificial Intelligence) as the most prominent emerging technology.

Analysis of Strategies and Implementation Methods for Time and Cost Efficiency in Multi-Story Building Construction Projects

The construction of multi-story buildings is increasingly rapid, with difficulty in managing and implementing multi-story buildings increasingly high. The longer the duration of time required will affect the costs to complete the project. Therefore, an implementation method is needed to support and consider the costs incurred in carrying out the work. In addition, by sharpening priorities, it is hoped that project management efficiency and activities will increase. All of this is to achieve the goals of a multi-story building project that meets the client’s needs. Different implementation methods in a building must be followed by exemplary project implementation and following the plan. Good technical management and implementation can reduce the risks of multi-story building construction projects and delays. It will reduce the development of project costs and will ultimately provide benefits for contractors. The method of implementing this multi-story building uses zoning and bottom-up methods. This method is expected to obtain time efficiency values. The implementation process is fast and obtains optimal costs.

Unlocking Potential: The Impact of Application and Database Access on IT Project Management Efficiency and Effectiveness.

This white paper delves into the challenges faced by IT Project Managers (IT PMs) due to restricted application and database access within organizations. Predominantly operating in an application-driven environment, IT PMs play a crucial role in aligning IT projects with organizational objectives and stakeholder expectations. However, the prevalent "Need to Know" policy in many organizations hinders IT PMs from gaining comprehensive insights into the projects they oversee. Such limitations not only pertain to application enhancements but also extend to backend projects like data migration and API enhancements. Restricted access can impede effective communication with technical teams, influence estimation accuracy, alter escalation strategies, and affect stakeholder interaction and end-user understanding. By investigating real-world scenarios, this paper seeks to understand the implications of these restrictions, propose mitigation strategies, and recommend solutions to optimize IT Project Management practices. The overarching aim is to enrich the discourse on improving IT PMs' efficiency and efficacy by reassessing access policies.

Cross-Departmental Synergetic Design in Home Appliance Enterprises—Exploring the Role of Project Management, Social Capital, and Organizational Efficiency in the Context of Sustainability

This article discusses the interactions among project management, social capital, and organizational efficiency in the cross-departmental synergetic design of home appliance enterprises, with the goal of providing a reference for related enterprises’ collaborative innovation. The structural equation modeling was used in this study to analyze the trust relationships, shared vision, and mutually motivating innovation teams established among people, information, social capital, and organizational efficiency in the project context. Research has found that effective information sharing and communication in the cross-departmental synergetic design of enterprises can significantly improve organizational performance and competitiveness under the conditions of social capital and task adaptation. Synergetic design innovations in organizations promote mutual trust, understanding, and the acceleration of innovation among organizational members, thereby achieving the enterprise’s goal of sustainable development. This study concludes that social capital is essential for enterprises.

Evaluation on the application mode of blockchain technology in water transportation engineering project management

Abstract Due to the continuous development and application of blockchain technology, more and more industries are exploring its application in project management. In the management of water transportation engineering projects, blockchain technology also has certain application potential. This article will start with the characteristics of blockchain technology, and the current situation and needs of water transportation project management, analyze the application mode of blockchain technology in water transportation project management, and explore its advantages, limitations, and practical applications. The experimental results of this article showed that when blockchain technology was applied to the management of water transportation engineering projects, its information sharing score was 93; its data storage and management score was 96.1; its smart contract score was 97.4; its fund management score was 97.1; its Internet of Things technology score was 96.5, which was far higher than the score of applying traditional technologies. It was shown that using blockchain technology for water transportation engineering project management can improve the efficiency and quality of project management, reduce costs, and extend to a wider range of water transportation lines and project fields in the future.

Governance and performance of Information Technology projects in Colombia

In this research, the performance of Information Technology (IT) projects was analyzed, evaluating if they meet the schedule, budget, objective, and customer satisfaction. A study by the Standish Group reported that for the period 2015-2020 only 35% of the projects were successful [1]. An exploratory methodology based on bibliometric analysis was used and it allowed to know global trends related to governance and project performance. Also, a quantitative methodology was implemented for structuring the model of factors and variables. With the information obtained from the Colombian universities, a factorial analysis was carried out and a statistical model of linear equations was built that characterized the behavior of corporate governance, IT governance and project performance. As a result, a governance alignment model was created, which will help to improve decision-making, deliver value, and increase the efficiency of IT project management.