Successful Project Management Research Articles

Innovations in Project Monitoring Tools for Large-Scale Infrastructure Projects

Innovations in project monitoring tools are paramount for the effective execution of large-scale infrastructure projects. This study aims to explore the transformative role of these tools in enhancing project performance, accuracy, and efficiency. The research employs a comprehensive review of existing literature, case studies, and the latest advancements in project monitoring practices. The study highlights that integrating digital tools such as Building Information Modeling (BIM), unmanned aerial vehicles (UAVs), and Geographic Information Systems (GIS) significantly improves project coordination and real-time decision-making. Automated progress monitoring technologies reduce reliance on manual data entry, enhancing the accuracy of project assessments. Additionally, sensor-based monitoring techniques enable predictive maintenance strategies, extending the lifespan of aging infrastructure. The findings underscore the importance of interoperability among digital tools and the need for robust monitoring models capable of adapting to the dynamic nature of infrastructure projects. Web-based applications and systems engineering principles further enhance the efficacy of project monitoring by providing real-time data and facilitating efficient communication among stakeholders. In conclusion, the integration of innovative project monitoring tools is pivotal for the successful execution and management of large-scale infrastructure projects. These technologies not only enhance project performance and reduce risks but also ensure sustainable and long-term infrastructure development. The study recommends continued research and investment in advanced monitoring systems to address existing challenges and unlock new opportunities for improving project outcomes. Embracing these innovations will be crucial for the construction industry to meet future demands and achieve higher standards of efficiency and sustainability. Keywords: Building Information Modeling (BIM), Unmanned Aerial Vehicles (UAVs), Geographic Information Systems (GIS), Automated Progress Monitoring, Predictive Maintenance, Project Performance Optimization.

Sport seasons through the lenses of project management – Identifying the common key characteristics of sport seasons and projects

There is a large amount of research on both successful project management and the management of professional sports organisations, but the relationship between these two phenomena remains to be analysed. Therefore, the aim of this article is to identify the similarities between sports seasons and projects by examining the characteristics of these two domains, as well as to lay the foundations for defining the potential management practices that can improve the efficiency of seasons using tools and techniques derived from project management. The results will be obtained through a narrative literature review of relevant books and articles on projects and sports seasons. The outcome of this research will contribute to a better understanding of how sport organisations can streamline their operations, optimise performance and ensure successful sport seasons by potentially implementing a project management approach.

Key Factors Affecting the Success of Construction Multi Project Management

Simultaneous management of multiple projects has become a trend in the field of energy, oil and gas construction project management over the past decade. This situation is driven by the high market demand and need for fossil fuels, which also stresses project management discipline to improve its performance and efficiency in managing multiple projects simultaneously. Nevertheless, concurrent execution of multiple construction projects often leads to stretched the project durations and cost due to suboptimal resource management, which may become a boomerang and increase project costs. The objective of this study is to identify factors and indicators that contribute to the successful management of multiple projects. Although multi-project management has been extensively studied, there is still a dearth of studies analyzing the elements that make construction multi-project management successful, particularly in the energy, oil, and gas sectors. This research is a case study of an EPCIC company that uses multi-project management and operates in the oil and gas sector. Through purposive sampling techniques, a total of 58 executives from national oil and gas contractors with significant work experience participated in this study through a questionnaire survey. The PLS-SEM approach has revealed that the positive predictor factors influencing the success/performance of multi-project management are resource allocation, teamwork quality, multi-project management competency, and project manager assignment. Flexible and intelligent resource allocation management in multi-project cycles affected by uncertainty is a critical factor.

Key Factors Affecting the Success of Construction Multi Project Management

Simultaneous management of multiple projects has become a trend in the field of energy, oil and gas construction project management over the past decade. This situation is driven by the high market demand and need for fossil fuels, which also stresses project management discipline to improve its performance and efficiency in managing multiple projects simultaneously. Nevertheless, concurrent execution of multiple construction projects often leads to stretched the project durations and cost due to suboptimal resource management, which may become a boomerang and increase project costs. The objective of this study is to identify factors and indicators that contribute to the successful management of multiple projects. Although multi-project management has been extensively studied, there is still a dearth of studies analyzing the elements that make construction multi-project management successful, particularly in the energy, oil, and gas sectors. This research is a case study of an EPCIC company that uses multi-project management and operates in the oil and gas sector. Through purposive sampling techniques, a total of 58 executives from national oil and gas contractors with significant work experience participated in this study through a questionnaire survey. The PLS-SEM approach has revealed that the positive predictor factors influencing the success/performance of multi-project management are resource allocation, teamwork quality, multi-project management competency, and project manager assignment. Flexible and intelligent resource allocation management in multi-project cycles affected by uncertainty is a critical factor.

Identification of critical success factors (CSFs) for successful project management in manufacturing sector

PurposeThis research has been carried out to study the impact of critical success factors (CSFs) on successful project management of projects in the manufacturing sector. These success factors will pave the way for the successful completion of projects for the manufacturing sector. CSFs play a vital role in the timely conclusion of projects in any organization. For the projects to be successful certain essential factors must be taken into account. These essential factors are identified through this research.Design/methodology/approachDuring this study an adaptive survey of the literature was conducted, after a detailed literature review certain success factors were identified for project management in the manufacturing sector. The number of success factors was reduced to 40 factors based on the level of incidence in the literature. The length of the questionnaire was also given due importance to make the survey more interesting and effective. After that Fuzzy Delphi Method (FDM) was employed to screen the most essential factors. In the end, the Fuzzy Analytical Hierarchical Process (FAHP) was used to rank these factors in order of importance.FindingsProject Manager Leadership Skills, Economic Environment, Top Management Support, Project Planning, Clear and realistic Goals, and Financial Support have come out to be the most important CSFs for successful project management in the manufacturing sector.Originality/valueThis is novel research to identify CSFs for project management in the manufacturing sector. Previously, most of the studies remained focused on construction and software projects.

The Impact of Project Managers Traits on Project Success

Project management is an indispensable aspect of business that depends heavily on the capabilities and characteristics of the project managers, with his/her personality traits playing an essential role in leading their project to its goals. This paper explores the critical role of the project manager's personality traits and cultural background in the success of project management and emphasizes its influence on team dynamics, stakeholder engagement, and overall project environments. The Big Five personality traits provide a framework for understanding these influences. The paper also delves into how the Myers-Briggs Type Indicator (MBTI) impacts project management approaches, specifically the Extraversion/Introversion and Judgment/Perception dimensions. In addition, the paper examines the impact of global and cultural differences on project manager traits and management styles, emphasizing the need for project managers to adapt to different cultural contexts in a world where understanding and leveraging cultural differences is critical to project success and the achievement of broader strategic goals. This comprehensive analysis offers insights into the multidimensional role of project managers within today's highly dynamic global project management environment.

Optimizing time and cost in construction projects with a hybridized multi-verse optimizer and opposition-based learning

PurposeFor successful management of construction projects, a precise analysis of the balance between time and cost is imperative to attain the most effective results. The aim of this study is to present an innovative approach tailored to tackle the challenges posed by time-cost trade-off (TCTO) problems. This objective is achieved through the integration of the multi-verse optimizer (MVO) with opposition-based learning (OBL), thereby introducing a groundbreaking methodology in the field.Design/methodology/approachThe paper aims to develop a new hybrid meta-heuristic algorithm. This is achieved by integrating the MVO with OBL, thereby forming the iMVO algorithm. The integration enhances the optimization capabilities of the algorithm, notably in terms of exploration and exploitation. Consequently, this results in expedited convergence and yields more accurate solutions. The efficacy of the iMVO algorithm will be evaluated through its application to four different TCTO problems. These problems vary in scale – small, medium and large – and include real-life case studies that possess complex relationships.FindingsThe efficacy of the proposed methodology is evaluated by examining TCTO problems, encompassing 18, 29, 69 and 290 activities, respectively. Results indicate that the iMVO provides competitive solutions for TCTO problems in construction projects. It is observed that the algorithm surpasses previous algorithms in terms of both mean deviation percentage (MD) and average running time (ART).Originality/valueThis research represents a significant advancement in the field of meta-heuristic algorithms, particularly in their application to managing TCTO in construction projects. It is noteworthy for being among the few studies that integrate the MVO with OBL for the management of TCTO in construction projects characterized by complex relationships.

Unlocking success: key elements of sustainable business models in the wooden multistory building sector

Few studies have investigated the processes and strategic interactions among the Wooden Multistory Construction (WMC) industry actors, its customers, and local policymakers. Further insights into this field are needed for a sustainability transition in the construction sector. This study aims to explain WMC’s corporate sustainability strategies for co-creation with customers and municipalities. This was based on interviews with key informants in the sector and WMC actors using three case studies in Sweden. Our interviews focused on business processes, interactions with users and municipalities, sustainability, and innovation in the WMC market. The findings reflect the notion of a slow transition in the Swedish WMC market toward using more wood as a bearing structure, which is supported by the competitive advantages and climate performance of wood. The three case studies indicated that the corporate focus is currently placed on incremental improvements in operations, price competitiveness, and successful project management. However, in contexts where wood construction is seen as a unique advantage, collaborations between the construction industry and end users have developed and served as novel platforms for WMC market development. The study concludes that WMCl growth hinges on the industry’s housing offerings prioritizing quality, affordability, and swift construction.

Balancing Project Management Success and Operation Success in Public Projects: A Comparative Study of Intra- and Interorganizational Boundary Perspectives

Balancing Project Management Success and Operation Success in Public Projects: A Comparative Study of Intra- and Interorganizational Boundary Perspectives

Факторы успешного управления проектами цифровой трансформации

В статье представлены ключевые особенности управления проектами цифровой трансформации с точки зрения изменений внешней среды организации, выделены и обоснованы факторы успешного управления проектами цифровой трансформации, а также результаты успешного управления такими проектами. Среди факторов выделяются стратегия, культура, лидерство, коммуникации и технологии. Доказано, что все факторы управления проектами цифровой трансформации связаны друг с другом, не существуют изолированно, взаимодополняют друг друга и должны рассматривать в комплексе. The paper presents the key features of digital transformation project management from the point of view of changes in the organization’s external environment, identifies and substantiates the factors for successful management of digital transformation projects, as well as the results of successful management of such projects. Among the factors for successful management of digital transformation projects, the authors highlight: strategy, culture, leadership, communications and technology. The article proves that all factors of digital transformation project management are related to each other, do not exist in isolation, complement each other and should be considered as a whole.

Virtual teams and software project management success in a developing country: an empirical study

Virtual teams and software project management success in a developing country: an empirical study

BEST PRACTICES IN STRATEGIC PROJECT MANAGEMENT ACROSS MULTINATIONAL CORPORATIONS: A GLOBAL PERSPECTIVE ON SUCCESS FACTORS AND CHALLENGES

In today's highly competitive and dynamic business environment, multinational corporations (MNCs) face unique challenges in managing strategic projects across diverse geographical locations. This review explores the best practices in strategic project management from a global perspective, focusing on the critical success factors and challenges encountered by MNCs. Successful strategic project management in MNCs necessitates a comprehensive understanding of various factors, including cultural differences, regulatory requirements, and market dynamics across different regions. The review highlights the significance of effective communication, cultural sensitivity, and stakeholder engagement as fundamental success factors in managing projects within MNCs. Additionally, it emphasizes the importance of aligning project goals with overall business objectives to ensure strategic relevance and value creation. Challenges faced by MNCs in strategic project management include coordination and integration issues arising from diverse organizational structures, conflicting priorities, and resource constraints. Furthermore, navigating through geopolitical uncertainties, legal complexities, and compliance requirements presents additional hurdles for MNCs operating across multiple jurisdictions. Drawing on insights from academic literature and industry practices, this review provides an overview of best practices adopted by successful MNCs to overcome these challenges and achieve project success. It discusses the significance of establishing standardized project management frameworks, leveraging technology for virtual collaboration, and fostering a culture of innovation and adaptability within the organization. this review underscores the importance of adopting a holistic approach to strategic project management in MNCs, integrating people, processes, and technology to drive sustainable growth and competitive advantage in an increasingly globalized business landscape.
 Keywords: Project Management, Multinational Corporation, Global Perspective, Best Practices, Review.

Identifying Critical Success Factors of Public Private Partnership Projects in Türkiye

Public private partnerships (PPPs) have become increasingly common as a result of states' shifting roles in infrastructure services from service providers and operators to policymakers and regulators. PPPs have been established as a prominent technique of public service procurement in both developed and developing countries. PPPs give the parties the opportunity to split the costs and risks of providing a public service or building a public infrastructure. Successful project management is crucial, especially in light of PPP projects' size and complexity. This study investigates the critical success factors (CSFs) of PPP investments in developing countries. In this regard, 23 CSFs were selected based on a thorough literature review, and a questionnaire survey was run to examine the impact of those factors on PPP performance. The information is gathered from 82 different companies in Türkiye that represent both the public and private sectors. The statistical analysis results show that favorable legal framework, detailed and clear project identification, and extensive cost-benefit assessment are the most significant drivers of success. Additionally, factor analysis is used on the data to investigate and identify underlying correlations between the factors, as well as to categorize them into fewer, more focused, and more thorough factors. The results of factor analysis suggest five dimensions; namely project finance, project management, operational factors, procurement, and organizational factors. The study's findings are anticipated to benefit both the public sector in its focus on legal concerns to permit better operation and the contractors in its examination of their capacity to manage big projects more effectively.

Navigating Agile: Revolutionizing Banking in Honduras

Due to a variety of factors occurring simultaneously in Honduras, the financial sector is undergoing a profound change in every section of the company, including the ones where they are lacking of technology appliance, forcing organizations to adapt to new working methods. In this thesis, the Honduran financial sector attempts to identify the main challenges and benefits it faces when it applies agile methodologies to digital transformation, its barriers, as well as lessons learned. A survey of the Honduran financial sector confirmed three hypotheses, namely a lack of agility knowledge and focus on process and methods beyond model thinking prevent successful agile project management. Additionally, it was identified that through the leaders, it is possible to obtain cultural change within organizations, thereby making the implementation of agile methodologies easier. The study will assist financial organizations in understanding the obstacles that hinder agility implementation. They will also be able to identify the most important aspects to consider, to achieve a management mindset focused on adding value and meeting customer needs, in a complex, and changing environment.

Project management strategies for implementing energy-efficient cooling solutions in emerging data center markets

Project management strategies play a pivotal role in implementing energy-efficient cooling solutions in emerging data center markets. This review explores key strategies for successful implementation, focusing on the unique challenges and opportunities in these markets. Emerging data center markets are characterized by rapid growth and evolving infrastructure needs. As such, implementing energy-efficient cooling solutions requires a strategic approach that addresses local regulatory requirements, environmental conditions, and technological capabilities. Effective project management in these contexts involves several key strategies. Firstly, thorough planning is essential. This includes conducting feasibility studies, assessing site-specific requirements, and developing detailed project plans. Understanding the local context is crucial, as it can impact the selection and implementation of cooling solutions. Secondly, stakeholder engagement is critical. Engaging with local authorities, communities, and industry stakeholders can help ensure regulatory compliance and garner support for the project. Additionally, involving local experts and partners can provide valuable insights and enhance the project's success. Thirdly, implementing robust monitoring and evaluation mechanisms is essential. Monitoring energy consumption, cooling system performance, and environmental impacts allows for timely adjustments and optimizations, ensuring the long-term sustainability of the cooling solutions. Lastly, knowledge sharing and capacity building are key components of successful project management in emerging data center markets. Providing training and education on energy-efficient practices and technologies can help build local capacity and ensure the continued success of the cooling solutions. In conclusion, project management strategies for implementing energy-efficient cooling solutions in emerging data center markets require a holistic approach that considers local context, engages stakeholders, implements robust monitoring mechanisms, and promotes knowledge sharing. By adopting these strategies, data center operators can effectively address the challenges and opportunities in these markets, contributing to a more sustainable and resilient data center infrastructure.

Effect of Monitoring and Evaluation (M&E) Practices on Performance of Health Funded Projects in Rwanda: A Case of Malaria Control, Maternal & Child Health Programs of Ministry of Health

The study assessed the effect of Monitoring and Evaluation (M&E) practices on performance of health funded projects in Rwanda: a case of Malaria control, Maternal & Child Health programs in Ministry of Health. It had three specific objectives: to assess the effect of M&E planning on project performance, to examine the influence of M&E data collection and analysis, and to evaluate the impact of M&E reporting and decision making. The hypotheses associated with each of these objectives were supported by the research findings, indicating significant effects in each area. This study used a descriptive survey and correlative research designs, and also the mixed approaches including qualitative and quantitative approaches. The population was 137 people working with Malaria control, Maternal & Child Health programs in Ministry of Health in Rwanda. The study used stratified and universal sampling techniques to select all 137 respondents as sample size. Data-collection instruments were testing questionnaires, interview schedules or guides, rating scales, and survey plans or any other forms which were used to collect information on substantially identical items or more respondents. The observation was done on situation success of health project management and M&E practices. Documentary technique was used by the researcher to obtain secondary information such as reports of Malaria control, Maternal & Child Health programs in Ministry of Health in Rwanda. The models showed a strong positive relationship between M&E planning, data collection and analysis, reporting, and decision making and project performance. This relationship was supported by a high correlation coefficient (R), with approximately 83.2% of the variance in project performance explained by these predictors. However, the presence of potential autocorrelation in the residuals suggests that further investigation is needed to ensure the validity of the model. In conclusion, the study effectively supported all three research hypotheses, confirming the significant impact of M&E planning, data collection and analysis, and reporting and decision making on the performance of Malaria control and Maternal & Child Health programs within the Ministry of Health. The Ministry of Health should invest in comprehensive M&E planning, setting clear objectives, defining indicators, and establishing a solid framework for improved performance. Timely and informative reporting of M&E results is crucial. The Ministry should prioritize the communication of results to facilitate data-informed decision-making.

Effect of Stakeholder Involvement on Project Management Success in Nigeria's Fast-Moving Consumable Goods Industry

In the FMCG sector of Nigeria, the study examined the impact of stakeholder participation on project management success. The study was simplified in order to assess the degree to which stakeholder engagement, support, and involvement effect project goals for a set of fast-moving consumer products in Nigeria. The study's qualitative design involved choosing seven FMCG companies in Nigeria: Dangote Sugar Plc, Nigerian Breweries Plc, Nestle Plc, Cadbury Nig Plc, Nigerian Breweries, Guiness Nig Plc, and Unilever Nig Plc. In order to create a cross-sectional period of 70 observations, secondary data on stakeholder involvement, support, and participation as well as the accomplishment of project objectives were sourced and gathered from yearly financial statement of account and Business Source Premier from 2013–2022. The data were subjected to panel regression analysis, and the results demonstrated that among a group of selected FMCGs in Nigeria, stakeholder involvement and participation have positive and significant effects on project goals, whereas stakeholder support has a negative and insignificant impact. Thus, it is concluded that one of the elements influencing project management performance in Nigeria's FMCG business is stakeholder involvement and participation.

Success Factors in Management of IT Service Projects: Regression, Confirmatory Factor Analysis, and Structural Equation Models

Although there have been some studies on the success factors for IT software projects, there is still a lack of coherent research on the success factors for IT service projects. Therefore, this study aimed to identify and understand the factors and their relationships that contribute to the success of IT service projects. For this purpose, multivariate regressions and structural equation models (SEMs) were developed and analyzed. The regression models included six project management success criteria used as dependent variables (quality of the delivered product, scope realization and requirements, timeliness of delivery, delivery within budget, customer satisfaction, and provider satisfaction) and four independent variables (agile techniques and change management, organization and people, stakeholders and risk analysis, work environment), which had been identified through exploratory factor analysis. The results showed that not all success factors were relevant to all success criteria, and there were differences in their importance. An additional series of exploratory and confirmatory factor analyses along with appropriate statistical measures were employed to evaluate the quality of these four factors. The SEM approach was based on five latent constructs with a total of twenty components. The study suggests that investing in improving people’s knowledge and skills, using agile methodologies, creating a supportive work environment, and involving stakeholders in regular risk analysis are important for project management success. The results also suggest that the success factors for IT service projects depend on both traditional and agile approaches. The study extensively compared its findings with similar research and discussed common issues and differences in both the model structures and methodologies applied. The investigation utilized mathematical methods and techniques that are not commonly applied in the field of project management success modeling. The comprehensive methodology that was applied may be helpful to other researchers who are interested in this topic.

How User Requirements Affect the Success of an Enterprise System Implementation Project?

The paper examines the collection, preparation, and improvement of user requirements for a complex ERP case study implementation in an international organisation. The study presents a case study of the ERP system implementation project. We address the user requirements and their quality with regard to the scope of the case study on the ERP implementation project and wider as an integral aspect of successful project management within an organisational context. In the discussion, we address and support the notions that: 1.) the choice of the type of solution and the software company; 2.) strong leadership and control from the investor side; 3.) the activities prior to the start of the ERP implementation project and a clearly defined scope at the time of contract conclusion; 4.) the quality of system requirements based on well-specified user requirements; and 5.) the alignment of the scope definition and user requirements within the organisation contribute to the success of the enterprise system implementation project.

РИЗИК, ЯК ФАКТОР ПРИЙНЯТТЯ РІШЕННЯ ПРИ ФІНАНСУВАННІ ПРОЕКТІВ У СФЕРІ ІНФОРМАЦІЙНИХ ТЕХНОЛОГІЙ

The article provides an in-depth analysis of the complexity and implications of risk in the financial decision-making processes of IT projects. The author explores impact of various risk types on the outcomes and profitability of the projects. Emphasizing the importance of the Expected Monetary Value (EMV) method, the article scrutinizes popular investment efficiency metrics such as ROI (Return on Investment) and IRR (Internal Rate of Return), highlighting the criticality of integrating risk considerations into their assessments. The discussion extends to the necessity for broader criteria in project selection, advocating for a more nuanced approach to distributing financial resources within IT project portfolios. This approach aims to enhance the overall economic effectiveness, especially considering the high-risk environment characteristic of the IT sector. The article argues for a more comprehensive framework that not only addresses the immediate financial aspects but also accounts for the broader, often unpredictable, risk factors that can influence the long-term success and viability of IT projects. In delving into these aspects, the article offers valuable insights for project managers, investors, and stakeholders in the IT industry. It stresses the need for a balanced approach to risk management, one that navigates the fine line between risk aversion and opportunity maximization. By doing so, it underscores the importance of strategic planning and risk assessment as key components of successful IT project financing and management. Overall, this publication serves as a crucial resource for understanding the dynamics of risk management in IT project financing. Its comprehensive analysis provides a framework for making informed decisions that account for both the potential rewards and the inherent risks associated with investing in the rapidly evolving and often unpredictable realm of information technology.