Optimal Allocation of Project Management Resources for Achieving Success

Abstract

This paper discusses important aspects that can help project managers efficiently allocate their limited resources and thus help them achieve high levels of construction project performance. Additional, previously undiscussed model outcomes are presented that focus on the impact of the project team, planning, and control efforts as they relate to achieving “overall” project success, better‐than‐expected schedule performance, and better‐than‐expected budget performance. Results demonstrate that key success factors affect project outcomes differently. For example, increasing the number of budget updates has more of an impact on achieving better budget performance than it does on achieving better schedule and overall project performance. Implementation of a constructability program seems to have a significant impact on achieving overall project success and better schedule performance—especially on fixed‐price contracts. Reducing team turnover has a more significant impact on improving budget performance than it does in achieving better schedule or overall project performance. A robustness analysis of the model outcomes is presented, along with a discussion on the study limitations.