Mohammed A. Ra’ad Mohammad K. Najdawi

Abstract

The practice of project management has gained enormous importance over the past several years in various business industries. “In industries as diverse as pharmaceuticals, software, and aerospace, projects drive business” (Wheatley). This gain of importance can be attributed to the magnitude of the impact project performance results in terms of time, cost, and scope have over the project performing entity. “On the basis of data released by the Bureau of Economic Analysis, part of the US Department of Commerce, they estimated in 2001 that the US public and private sectors combined spend some $2.3trn on projects every year, an amount equivalent to a quarter of America’s GDP” (Wheatley). The Project Management Performance Drivers research was conducted to demonstrate how project performance in terms of time, cost, and scope is dependent on applying generally recognized good project management practices. The research was based on a survey filled by project management professionals and regression analysis was used to elicit the relationship between good project management practice and project performance. The research revealed that a direct linear relationship seems to exist. The attained result demonstrates the importance of applying generally recognized good project management practices when managing projects.

Metrics

Metrics Loading ...

##plugins.themes.bootstrap3.article.details##

Keywords

project management
schedule performance index (SPI)
cost performance index (CPI)
sample size

References
Al Neimat, T. “Why IT Projects Fail” THE Project Perfect White Paper Collection
Crowe, A. The PMP Exam. How to pass on your first try, Third Edition USA: Velociteach, 2005
Dr. Wheatley, M. “The Importance of Project Management” ProjectSmart.co.uk
Fichter, G. “Why Web Projects Fail” Computer Source Database at http://www.ebscohost.com 2003
Galluzzi, G. “Why Projects Fail” TMG Consulting
Glaser, J. “Management’s Role in IT Project Failures” Healthcare Financial Management 2004
Humphrey, W. “Why Big Software Projects Fail: The 12 Key Questions” The Journal of Defense Software Engineering March 2005 Issue
Jutte, B. “10 Golden Rules for Project Risk Management” ProjectSmart.co.uk
Mulcahy, R. PMP Exam Prep, Fifth Edition USA: RMC Publications, 2005
New Zealand Management “When IT Projects Fail” Business Source Premier Database at http://www.ebscohost.com 2003
Project Management Australia “Initiating a Project” ProjectManagement.Net.Au
Project Management Institute (PMI) Inc. A Guide to the Project Management Body of Knowledge (PMBOK Guide), Third Edition Pennsylvania: PMI, 2004
The Standish Group International CHAOS 1995
Weatherall, B. “The Business of Software Development” CM Journal 2006
How to Cite
Ra’ad, Mohammed A., and Mohammad K. Najdawi. 2010. “Project Management Performance Drivers”. Studies in Business and Economics 15 (2). https://doi.org/10.29117/sbe.2010.0058.
Section
Articles