The role of project cycle management on project success
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Date
2019
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Publisher
Mzumbe University
Abstract
Given the importance of projects in an economy and the prevailing trend towards poor performance, the author purposely in the course of this paper studied the role of project cycle management methodology on project success. The study aimed to achieve three objectives, the extent of adoption, and the effects of the method and the limitations of the project success. The study was a cross-sectional design covering six regions of Dar es salaam, Arusha, Dodoma, Morogoro, Singida and Shinyanga. The study applied, the descriptive analysis, the binary logistic regression and relative impact index factor (RII) models to analyses the data.Results from the study of the surveyed 117 project Managers, show that project cycle management methodology was adopted by 72.7% of the surveyed managers. However, the strength of association between methodology and project success revealed to have little to moderate association. Results have also demonstrated that projects with a long duration were associated with chance of failure comparatively to projects with fewer years of implementation. Furthermore, Stakeholder analysis was found to influence project success. Also, the lack of thorough problem analysis appeared to affect project success. Further, the study has shown that objective analysis had a a statistically significant effect project success. On other hand strategy analysis seemed to be at odd with findings from previous studies. The results also show that the application of monitoring indicators helped to capture key parameters of the projects to make certain that the implementation is heading in the right direction. Besides, the ability of the project manager to manage risks as part of their daily practices reduce costs and at the same time, increase the level of satisfaction of the project stakeholders. Finally, the financial analysis of the project was observed to have a positive and significant influential on project success. Regarding implementation barriers, the results revealed that the identified barriers were all significant. Nevertheless, the variations inside the indices in these barriers were arithmetical, in many cases were small –to legitimize any claims other than their relative impact rankings. Based on RII ranking scores, the lack of sufficiently knowledgeable project team has been identified as a major barrier for project success, which influenced the non-application of other tools such as financial analysis and the use of monitoring tools. The study findings have provided useful insights on the attribute of project cycle methodology which influence project success. In this regard, it is imperative that project managers grasp this methodology and apply it according to contribute to the success of the projects. The application of the methodology will also help project managers to overcome operational errors and to take counteractive measures in time. There is also a need to provide training to project managers who lack specialised skills in project planning and management. Education institutions could take a leading role in this regard
Description
A Dissertation to be submitted in a Partial Fulfillment of the Requirements for Degree Award of Masters of Science in Project Planning and Management of Mzumbe University
Keywords
Project cycle management and success, Management - Project, Project Managers, Projects in an economy-Tanzania
Citation
APA