Project Management Institute

Successful project execution

a model

The literature has revealed that there has been little research to determine the underlying cause of project failure.In addition, the literature has indicated that public money in Australia is being misspent on projects.In light of these two revelations, the objective of this article is to provide a general management model to predict success or failure for the construction, or execution stage of a project.Fourteen variables that affect project success are outlined, as well as the number of times the variable is mentioned in the research literature as a reason for project success.Controlling these variables will at best help a project achieve success, and at least help increase efficiency within the project execution phase of the project.It is estimated that even improving efficiency by 1 percent can add up to a $380 million savings in a year.
member content locked

Log in or join PMI to gain access

or Join



Related Content