Critical Factors Influencing the Project Success : An Analysis of Projects in Manufacturing and Construction in Pakistan

Abstract

Effective and efficient management of critical success factors is the basic requirement of project success. Many researches have been conducted on the Critical Factors influencing the Project Success but very few studies have been conducted in construction and manufacturing industries in Punjab. Therefore, the existing study aims also analysis of critical success factors influencing the project success in Punjab. To collect the data for the purpose of this study, the sample from which data was collected was 155 respondents through a pre-structured questionnaires. The collected was subjected to reliability test, descriptive analysis, correlation analysis and regression analysis by using the SPSS software. The findings of this study shows that both critical success factors and project success have very close and significant relationship with each other. Critical success factors have significant impact on project success in construction and manufacturing industries in Punjab.

The impact of perceived organizational politics and political risk on project success through ethical leadership and the psychological contract

“…Some researchers consider it positive and supportive because knowledge workers create a pressure group for the social welfare of the employees. However, previous studies have found that POP affects organizational performance, creates bottlenecks in achieving organizational goals and creates pressure groups to halt developmental and progressive organizational activities (Hassan et al, 2017;Iram et al, 2016).…”

“…When capital becomes negative, ruin occurs (Alon and Martin, 1998;Florio and Leoni, 2017). Therefore, probability calculation is mandatory for management as it indicates the soundness of the combined premiums and the claim process (Iram et al, 2016). In projects, at the time of initial investment, the probability of ruin remains high, indicating instability that demands more premiums/investment and working capital.…”

“…The model's objective is to investigate the probability that the project surplus level eventually falls below zero (making the project a failure). This quantity, called the probability of ultimate ruin, is defined as ψðxÞ ¼ p x f τ < ∞} where the time of ruin is {τ 5 inf(t > 0: X t <0)} with the convention that inf ∅ ¼ ∞: Using this model, the possibility of loss is studied, and all the small possibilities that can ruin the PS are considered (Akhund et al, 2019;Iram et al, 2016).…”

“…In the same way, perceived organizational politics (POP) is considered the second major hindrance to developmental projects, as this can cause fluctuations in project completion according to resource allocation (Iram et al, 2016). Employees' self-centeredness, contradictory behaviors and conflicts disturb a project's values.…”

“…Further, other research studies have proposed that ethical leadership (EL) is the most effective means for developing the PC, which leads to social, emotional, ethical and moral bonding among knowledge workers. EL develops pragmatism, optimism, trust, harmony, mutuality, care, respect and synergy, plus bolsters morals and ethics, which give new directions, philosophies and dimensions to the project work (Florio and Leoni, 2017;Iram et al, 2016;Ko et al, 2018). Keeping in view the recommendations and gap analysis, the main question arising from the existing research is as follows: "What is the role of the psychological contract in mitigating political risk and perceived organizational politics through the ethical leadership style to deliver project value?"…”