Critical Success Factors in Construction Projects: An Interpretive Structure Modeling Approach
Published: 2015
Author(s) Name: Mirza Mabood Ali Beg |
Author(s) Affiliation: Doctoral Research Scholar Vinod Gupta School of Mgt.Indian Inst.of Tech.Kharagpur,West Bengal,India
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Abstract
The objective of this research is to define the critical factors that lead to project success and provide a forecasting tool to enable parties to rapidly assess the possibility of a successful project from their viewpoint. If project participants can predict probability of success better, they can take steps to: (1) Avoid unsuccessful projects, (2) Identify good projects worth pursuing, and (3) Identify problems on current projects and take
corrective action. The general objectives were met through accomplishment of several specific tasks. The following research tasks were completed: (1) Define the project success criteria and (2) Develop an initial model for CPSFs by using ISM model. The study has a practical significance for the Construction Industry Top Management for determining the success factors. ISM has the capability to develop an initial model through managerial techniques such as brainstorming, nominal group techniques, etc.
Keywords: Critical Success Factors, Interpretive Structured Modeling (ISM), Construction
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