Osadare, A F (2022) Relationship between cost, schedule overruns, and project success in the nuclear construction industry in the United Kingdom. PhD thesis, Walden University, USA.
Abstract
Failure to achieve project success due to cost and schedule overruns may negatively affect an organization's financial strength, profitability, and competitive advantage. Organizational leaders must constantly monitor and control projects throughout the life cycle to reduce the impact of cost and schedule overruns and ensure project success. Grounded in the triple constraint model, the purpose of this quantitative correlational study was to examine the relationship between cost, schedule overruns, and project success. Data were collected from 66 project managers, project directors, project control, delivery integration managers, and construction project planners. The multiple linear regression analysis results were significant, F (2,63) = 19. 002, p < . 05, R2 = . 38. Schedule overruns provided the only statistically significant contribution to the model (β =. 462, p = . 002). A key recommendation is for organizational leaders to implement strategic trade-off plans by prioritizing project schedules over cost to improve project success, profitability, and competitive advantage. The implication for positive social change included the potential to empower the local community by creating jobs.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Thesis advisor: | Jordan, E A |
| Uncontrolled Keywords: | competitive advantage; failure; construction project; integration; life cycle; project control; project success; project manager; United Kingdom; regression analysis |
| Index terms: | integration, construction project, United Kingdom, manager, construction industry, regression analysis, project control, profitability, planner, life cycle, schedule overrun, competitive advantage, prioritizing, project manager, project success |
| Subjects: | production management, Geography, market analysis, practitioner, economic analysis, project management theory and practice, industry analysis, statistical analysis, organizational analysis, project controls, decision analysis, control systems, value management, profession |
| Topics: | Time Control, Organizational Design, Research Practice, Business Strategy, Roles and Professions, Geographical Context, Project Management, Risk Management |
| Descriptive scope: | 4 PCTA |
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