In the article Project Success Factors and Inter-Sectoral
Differences by Vishnuprasad Nagadevara, the author examines the important
factors that impact successful project management based on Indian Project
Managers in public and private business sectors.
Project management is a dynamic strategy that countless organizations
in today’s businesses use to plan, schedule and monitor work in order to achieve
specific business goals and objectives. As businesses persist to demand more
proficient collaboration, the popularity of project-management continues to rise.
Due to the vast recognition of project management, several researches have been
conducted over the years to better understand the influences of a successful
project.
The research conducted in the article used 235 senior
managers from different business sectors to ranked 21 subjects relating to
project management. Using Principle Component Analysis the five most important
topics were extracted from the 21 represented 65% of the total variance.
Top Five Most Important Factors Influencing Project Management:
Public Sector
1. Project Control Systems
2. Empowerment of the Team
3. Coordination and Cooperation
4. Organizational Structure, Processes and Procedures
5. Role of Individuals
Private Sector
1. Project Control Systems
2. Empowerment of the Team
3. Coordination and Cooperation
4. Role of Individuals
5. Organizational Structure, Process and Procedures
From the research it was concluded that “project control
system” is considered the most important factor in both public and private
sector by the respondents. Also, it was found that there is a slight difference
in the importance of factors between public and private sector organizations
indicated by two sample mean test. The difference lies in the fourth most
important factor, “organization structure, processes and procedure” is
considered fourth most important in public sector while “role of individuals”
is more important in private sectors.
Based on the research conducted in the article,
organizations can focus on developing tools and techniques towards the most important
factors influencing project management to ensure successful projects. Thus, good
project management is vital in making effective use of money, time, technology
and people. It helps to improve
quality and reliability of resources used in an organization and allows
effective and efficient business management.
Reference:
Nagadevara, Vishnuprasad. "Project Success Factors and
Inter-Sectoral Difference." Review of Business Research 12.1
(2012): 115-20.
Project management is an interesting topic because it causes you to think and act quickly while it forces you to make the best decision possible at the same time. I agree with the top 5 influences in each section are there; everyone likes the idea of having some sort of control aspect and being able to know where to go when you need solutions.
ReplyDeleteShifts in workplace culture, technology, and legal and regulatory requirements, along with diminishing resources, create pressure for organizations to change. Because projects can be brief and focused toward a particular change, opportunity, challenge, or problem, they are a good strategic tool for such turbulent settings. Thus, project management is very important for organizations to achieve their goals. Among the top five factors that influence project management, Project Control System is number one factor. I agree with this because system always plays vital role in organization.
ReplyDeleteI assume that the article is saying that the private sector depends more on the talent of individuals to complete the project within the desired goal-sets? Is this because the private sector has the financial resources to obtain the best project managers? If so, then the public sector will have to rely more on organizational structure. The public sector sounds like it would be less flexible to surprises during the project life-cycle. Thank you for the article review! Craig A.
ReplyDeleteI agree with the private sector. I have to rely on my team to do the best possible job they can. They are representing my company and myself. When hiring I look for certain qualities. Choosing the right people to work for a small company is crucial.
ReplyDelete