Risk management (RM) and project success (PS) of electrical power transmission and distribution systems: the moderation role of human resource management

Akbar, Faraz; Shahid, Rida

doi:10.1108/ijesm-03-2021-0010

Cited by 3 publications

(4 citation statements)

References 28 publications

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“…To evaluate the impact of external stakeholders' engagement on the success of the project for the IT Industry, various sub-items of external stakeholders are chosen. The results from thematic analysis help to identify the most practiced SESE strategies for the success of the project in IT in Pakistan (Akbar & Shahid, 2022). The first important practice adopted by a few companies is effective communication for SESE.…”

Section: Discussionmentioning

confidence: 99%

Exploring External Stakeholder Engagement Strategies and their Impact on Project Success

Bakhtawar,

Ali Mehdi,

Zalfaqar

et al. 2023

IJMT

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In the past few years, it can be observed that business norms and practices have changed and the market has now a wide circle of stakeholders as compared to past eras. The main purpose of the current study is to explore the impact of ESE strategies on project success in the IT industry (Information Technology) of Pakistan. The study is based on mixed methods. In the first phase, an in-depth Systematic Literature Review (SLR) was performed. In the next phase, face-to-face & virtual interviews were conducted with senior IT leads to develop various themes. Moreover, a word cloud and frequency chart was extracted using NVivo 12 to strengthen the argument. The findings show that there is a strong relationship between stakeholder engagement and project success in the IT industry. Likewise, the findings of the study suggest that a successful Strategy for External Stakeholder Engagement (SESE) is possible by using a collaborative and participatory approach. The study provides greater insights into the engagement of external stakeholders. Moreover, the study recommends exploring new means of communication that remain helpful in engaging stakeholders and should be aligned with the local and organizational culture.

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Section: Discussionmentioning

confidence: 99%

Exploring External Stakeholder Engagement Strategies and their Impact on Project Success

Bakhtawar,

Ali Mehdi,

Zalfaqar

et al. 2023

IJMT

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“…The project risk analysis is the process where risks prioritization and numerical measurement or evaluation of risks are carried out (Bukar, 2022). Project risk analysis involves a determination or estimation of the frequency or possibility of risk occurrence and the degree of consequences (Akbar & Shahid, 2022) or impact on the objectives of a project and how it can be managed (Chattapadhyay & Putta, 2021). The project risk analysis identifies the high-risk activities of the baseline schedule in order to improve the reliability of responses during project control (Song, Martens, & Vanhoucke, 2022).…”

Section: Risk Analysis Practicementioning

confidence: 99%

“…Project risk analysis is a multi-tasking process in the risk management (Akbar & Shahid, 2022) since it includes assessing the likelihood of the risks and their impacts on the objectives of the project (Moorhead, Armitage, & Skitmore, 2022). The project risk analysis techniques used to determine which projects should proceed beyond the precommitment stages of the development process (Song et al, 2022).…”

Section: Risk Analysis Practicementioning

confidence: 99%

Risk Management Practices and Performance of Mining Projects in Kwale County, Kenya

MUTHUI,

KISING’U, PhD

2024

strategicjournals.com

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The purpose of this research was to examine the influence of risk management practices on the performance of mining projects in Kwale County, Kenya. Specifically, the research examined the influence of risk identification practice and risk analysis practice on the performance of mining projects in Kwale County, Kenya. The theoretical framework consisted of the enterprise risk management theory, systems theory, contingency theory and complexity theory. Drawing on the positivist research philosophy, the research utilized the quantitative non-experimental research methodology. The research employed the correlational cross-sectional survey design for testing noncausal relationships among variables. The proportionate stratified random sampling technique was used to select a sample size of 128 project management staff from a target population of 188 project management staff in charge of the mining projects of the 7 mining companies in Kwale County, Kenya. A pilot study was conducted to test the validity and reliability of the constructed survey questionnaire. A self-administered structured questionnaires was used to collect primary data. The research utilized the cross-sectional survey-based approach. Through the drop and pick method, the survey questionnaires were hand delivered to the project management staff of the mining companies. The collected data was processed and entered into the statistical package for social sciences (SPSS) version 26 to create a data sheet used for statistical analysis. The Pearson's correlation results indicated that risk identification practice and risk analysis practice had positive and significant relationship with performance of mining projects in Kwale County, Kenya. The multiple regression results showed that risk identification practice and risk analysis practice had positive and significant influence on performance of mining projects in Kwale County, Kenya. The mining project managers should recognize the importance of risk management practices and apply them to their projects to minimize risks for successful projects in the mining industry. The policy makers should initiate policy review to motivate project managers recognize the importance of risk management practices.

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“…Strategic planning is becoming increasingly relevant for Kazakhstani enterprises that conduct or seek to conduct a fierce competition, both among themselves and with foreign corporations. At the same time, a feature of the strategic approach will be the ability to combine specific goals of the enterprise into a single, all resources divided by activity type during the production process implementation (Tatenko, 2017;Akbar et al, 2023). At the present stage, strategic planning is becoming increasingly important for Kazakhstani companies trying to compete aggressively both with each other and with foreign companies.…”

Section: Introductionmentioning

confidence: 99%

Project Management in Strategic Planning of Enterprises at the Present Stage

Nurmukhametov

Bulkhairova

Zhadigerova

et al. 2023

EJEBS

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In this article, the authors consider project management in the strategic planning of energy industry enterprises. The purpose of the article is to analyze and calculate indicators in order to identify the effectiveness of energy enterprise modernization. The authors thoroughly analyze the literature review on project management in the enterprise’s strategic planning. The authors also revealed that strategic planning in the project management framework is considered a dynamic set of six interrelated management processes that logically follow each other. Results: the authors calculated the degree of factors influenced to identify the decreased degree in the enterprise efficiency by the method of chain substitutions. As a result, heat energy was underdeveloped due to the reduction in the number of operation hours of boiler units. As a result of the conducted research, it was revealed that a change in the values of the main factors, namely the number of boiler units operating and due to heat losses from external pipelines affecting the production process, entails a change in the generated power of boilers, the amount of load and the valuable heat released, and hot water transferred to the consumer. Conclusion: the presented data and their analysis make it possible to effectively assess that a well-chosen and successfully implemented business management strategy is the key to its effective functioning in a market economy. Of course, a good strategic plan and its good execution do not guarantee that the company will be able to completely avoid periods of recession and uncertainty.

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Risk management (RM) and project success (PS) of electrical power transmission and distribution systems: the moderation role of human resource management

Cited by 3 publications

References 28 publications

Exploring External Stakeholder Engagement Strategies and their Impact on Project Success

Exploring External Stakeholder Engagement Strategies and their Impact on Project Success

Risk Management Practices and Performance of Mining Projects in Kwale County, Kenya

Project Management in Strategic Planning of Enterprises at the Present Stage

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