Workdiamond2014

The Relationship between Project Success and Project Efficiency

86 citations0/0 files storedProcedia - Social and Behavioral Sciences

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Construction Project Management and Performance Software Engineering Techniques and Practices Value Engineering and Management

Abstract

Many papers have rightly stated that meeting time, scope and budget goals, often called project efficiency, is not the ideal measure of project success. Broader measures of success have often been recommended. However, no paper has described the empirical value of the relationship between efficiency and overall success or shown whether efficiency is important at all to overall project success. Our aim in this paper is to correct that omission. Through a survey of 1,386 projects we have shown that project efficiency correlates to only 0.6 of overall project success and that that overall success in impacted by efficiency with a R2 of .36.

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References

1999Project management: cost, time and quality, two best guesses and a phenomenon, its time to accept other success criteria 2002The “real” success factors on projects 1996The role of project management in achieving project success 2005A Retrospective look at our Evolving Understanding of Project Success 2006Matching the project manager’s leadership style to project type 2002An empirical analysis of the relationship between project planning and project success 2007Reinventing project management : the diamond approach to successful growth & innovation 2012Forecasting Success on Large Projects: Developing Reliable Scales to Predict Multiple Perspectives by Multiple Stakeholders over Multiple Time Frames

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2022Does project management matter? The relationship between project management effort, complexity, and profitability 2018Organizational Justice, Project Performance, and the Mediating Effects of Key Success Factors 2016Criteria for Construction Project Success: A Literature Review 2018Efficiency and effectiveness of factors affecting renewable energy projects; an empirical perspective

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