Critical Factors Affecting Success of a Blast Furance Project

Abstract

The project management is a subsection of operational management that links to an economic activity. This emphasizes the process of making decisions and operationalising the strategies and tactics to reach the goal through owners, contractors, engineers and consultants within the planned constraints via meeting the schedule. Critical success factors are the bottom line for the successful completion while countering the factors of failure. This research study mainly focuses on relining of blast furnace as a project and so as to identify the critical success factors that influence the project success in a private steel manufacturing company in India. Blast furnaces experience stress in terms of thermal, physical and ware characteristics causing deterioration of the interior blasting architecture. These deformational effects are mitigated through periodic maintenance. The deformation caused by mechanical properties needs to replacement of the lining termed as relining of the shell. Variables for the critical success factors were operationalised through questionnaire survey to identify the critical success factors. Data were collected and evaluated by statistical methods to identify the most critical success factors that influence the project success. The results reveals that project manager related factors are the most important critical success factor for a blast furnace relining project. By taking the critical success factors as important key inputs and fine tuning these factors in such a way project time and cost are saved.