Literature Review on Project and Organizational Factors for Project Performance

Abstract

Critical Success Factor (CSF) is necessary in construction industry to achieve its goal. Construction industry in India has shown a significant development in recent years and its effect on environment has also increased. Building projects are becoming more difficult and complex nowadays. The project team is facing unprecedented changes. Building maintenance play an important role compared to other factors in building operation. Also, construction research and development process has various factors which affect its success. The earlier approach to success in the construction industry places great emphasis on the ability to plan and implement projects. In the past, companies completing projects in a timely manner within a stipulated budget and meeting optimum quality have been considered successful companies. Minimizing an importance on management practices and organizational stability, companies with successful project completion have been considered as top-performers. In contrast, other industries insist management practices at a corporate level as an essential element of success. However, the future environment of the construction company will be different due to technological and economic advancements. The critical success factors are considered to improve effectiveness and efficiency of the project. The aim of this study is to identify the critical success factor, analyse them and point out which critical factors are important in stages of construction. Some of the factors are identified as crucial to success of the project.