The Impact of Project Process Management on Sustainable Project Success in the Construction Sector: The Moderating Role of Risk Management Practices

Muhammad Asad Akram Bhatti and Dr. Muhammad Umair Nazir
Additional contact information
Muhammad Asad Akram Bhatti: School of Business & Management Sciences, Minhaj University Lahore, Pakistan
Dr. Muhammad Umair Nazir: School of Business & Management Sciences, Minhaj University Lahore, Pakistan

Bulletin of Business and Economics (BBE), 2024, vol. 13, issue 2, 1073-1079

Abstract: This study examines the influence of project process management on sustainable project success in the construction sector, with a focus on the moderating role of risk management practices. Using a quantitative research design, data were collected from 328 professionals, including Managers, Project Managers, and Portfolio Managers, through structured questionnaires. The analysis, conducted using SmartPLS, revealed that effective project process management significantly impacts project time, cost, and scope, thereby enhancing overall project success. The findings highlight the importance of integrating risk management practices to mitigate potential delays and cost overruns, demonstrating a moderating effect on the relationship between project process management and project outcomes. However, the moderating effect of risk management was not significant for the project scope, suggesting that additional strategies may be required to manage scope changes effectively. These results underscore the need for comprehensive management approaches that incorporate both robust process management and proactive risk management to achieve sustainable success in construction projects. The study provides valuable insights for construction professionals and suggests avenues for future research, including the exploration of other management practices and the use of longitudinal data to capture the dynamic nature of construction projects.

Keywords: This study examines the influence of project process management on sustainable project success in the construction sector; with a focus on the moderating role of risk management practices. Using a quantitative research design; data were collected from 328 professionals; including Managers; Project Managers; and Portfolio Managers; through structured questionnaires. The analysis; conducted using SmartPLS; revealed that effective project process management significantly impacts project time; cost; and scope; thereby enhancing overall project success. The findings highlight the importance of integrating risk management practices to mitigate potential delays and cost overruns; demonstrating a moderating effect on the relationship between project process management and project outcomes. However; the moderating effect of risk management was not significant for the project scope; suggesting that additional strategies may be required to manage scope changes effectively. These results underscore the need for comprehensive management approaches that incorporate both robust process management and proactive risk management to achieve sustainable success in construction projects. The study provides valuable insights for construction professionals and suggests avenues for future research; including the exploration of other management practices and the use of longitudinal data to capture the dynamic nature of construction projects. (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://bbejournal.com/index.php/BBE/article/view/878/1049 (application/pdf)
https://bbejournal.com/index.php/BBE/issue/view/49 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:13:y:2024:i:2:p:1073-1079

Access Statistics for this article

Bulletin of Business and Economics (BBE) is currently edited by Dr. Muhammad Irfan Chani

More articles in Bulletin of Business and Economics (BBE) from Research Foundation for Humanity (RFH) Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Muhammad Irfan Chani ( this e-mail address is bad, please contact ).