Strategies for Enhancing Project Performance

Abstract

Projects are routinely conceived and executed to operationalize strategic objectives of organizations. Consequently, global spending on projects is increasing exponentially and the project management profession is experiencing rapid growth. However, many projects fail to meet expectations and there is no easy solution for enhancing project performance. In this research study, several factors that enhance project performance are identified through a literature review. Then structured personal interviews were used to gather data to understand relations among these factors in order to develop a project performance enhancement model. The model was developed using the interpretive structural modeling (ISM) methodology and was used to determine relations among these factors that influence project performance. This study helped analyze underlying interactions among these factors. Further, it also provided a systemic view of project management to make strategic decisions for enhancing project performance.