Abubakar Assignment.docx

Effect of Project Planning on Project on Project Success with risk management and Organization Culture

Introduction Project Management researchers since a long time have been trying to determine which projects lead to project success according to (Cooke-Davies 2002) there are 12 factors associated with project success and further elaborates that project success is not necessarily the same as project management success (Todorović et al. 2015). The factors discussed include a mixture of maturity of company and its human resource while also discussing the importance of up to date risk management and effective learning from experience. Although time, cost and quality have traditionally been the key measure of any projects success making the iron triangle of project success(Jack R. Meredith, Samuel J. Mantel 2000) in which a project is considered a success when the cost is very close to the initial budget planned, the estimated schedule is met, and all deliveries meet the requirements established by all parties involved in the project. However, there is no consensus regarding the success criteria among researchers(AA et al. 2018). A well planned project can also run into trouble thus no project is guaranteed to succeed the simplicity of activates can cause unforeseen hurdles thus effecting the entire outcome of the project (Parker & Mobey 2004). Risk management is something that is kept in minds while project is in its planning stage and thus efforts are made to best tackle different scenarios that might put a project at risk through risk management practices (Brindley 2017). According to (Papke-Shields et al. 2010) there are many variables that can affect success, such as the context of the internal organization and the external environment in which a project is performed, and can influence both the outcome and the success of a project (Papke-Shields et al., 2010). There are human dimensions to nearly every one of the factors that have been identified (AA et al. 2018). It is not as if there are some factors that involve processes, and others that involve people rather people perform every process. Furthermore risk and uncertainty management has become an increasingly important topic of discussion in the literature on project management.(Kethy Abraham (Author) n.d.) .Risk is the part and parcel of any modern project with the volatile nature of today economy which caters to high risk high reward scenarios. Organizational culture has a different impact on employee productivity at the level of commitment (Ashkanasy et al. n.d.). Cultural differences have a greater impact on culture in areas where cultural values far supersede the organizational structural values.Most researchers have studied institutional influences at the organizational level. However, institutional pressures could also affect individual behavior which Could affect project success (Owoyemi & Ekwoaba 2014) GAP Previous publication mostly focus on planning and risk management sides of project success and not much light has been shed on the important relationship between risk management and organizational culture of a project based engineering company further more not much effort has been made to pursue this cause and effect based relationship. In south Asian countries where cultural values play an important role in any manufacturing or engineering environment this research intends to explore this gap in order to better provide a view of project success while considering risk management and organizational culture as mediating and moderating variables. A detailed study in growing south Asian economy where foreign investment is booming needs to be the center of such a study and where a clear risk and cultural relationship needs to be associated with a company’s success

Future Since a company must take into account different cultural environment into account surrounding a possible project they must anticipate all the economic and risk associated with these cultural variables .A well define model is needed to be introduced that will allow the prediction of the effect of these variables on a project success and how it might affect or alter the project planning stage. For this purpose a detail study Is purposed that will take into account historical data of risk analysis in different manufacturing environment and will try to find a cause effect relationship between organizational culture and risk management policies of a company.

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Owoyemi, O. & Ekwoaba, J., 2014. Organisational Culture: A Tool for Management for Management Control, Motivate and Performance Enhancement. American Journal of Business and Management, 3(3). Available at: http://wscholars.com/index.php/ajbm/article/view/514 [Accessed March 18, 2019]. Papke-Shields, K.E., Beise, C. & Quan, J., 2010. Do project managers practice what they preach, and does it matter to project success? Available at: www.elsevier.com/locate/ijproman [Accessed March 17, 2019]. Parker, D. & Mobey, A., 2004. Action research to explore perceptions of risk in project management. International Journal of Productivity and Performance Management, 53(1), pp.18–32. Available at: http://www.emeraldinsight.com/doi/10.1108/17410400410509932 [Accessed March 18, 2019]. Todorović, M.L. et al., 2015. Project success analysis framework: A knowledge-based approach in project management. International Journal of Project Management, 33(4), pp.772–783. Available at: https://www.sciencedirect.com/science/article/abs/pii/S0263786314001665 [Accessed March 18, 2019].