PROJECT PERFORMANCE AND CRITICAL SUCCESS FACTORS IN NIGERIAN UPSTREAM OIL AND GAS INDUSTRY: EVIDENCE BASED ON SEM APPROACH.
Main Article Content
Abstract
The study is on the effect of critical success factors on project performance in Nigerian upstream oil and gas industry, Primary employed data on the set of latent/construct variables identified, the raw information is therefore processed by the researcher to obtain coefficients for each of the constructs. The result of the estimated cost maintains a positive and significant relationship with project performance. Further result shows that quality control also has a positive and significant impact on the project performance in the Nigerian upstream oil and gas industry. Based on the empirical findings of the study, it is recommended that the management of the Nigerian upstream oil and gas industry should initiate effective planning process with periodic assessment to ensure that projects are executed within a record time, and in estimating the costs of projects, inflation and exchange rate factors should be incorporated. The study also recommends the developing a framework for the effective management of CSFs in the industry. This framework should include guidelines for identifying, tracking, and monitoring the CSFs throughout the project lifecycle, establishing a culture of accountability among project teams, where individuals are responsible for ensuring that the CSFs are met, and that any issues or challenges that arise are addressed promptly.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
References
Catanio, J. T., Armstrong, G., & Tucker, J. (2013). Project management certification and experience: The impact on the triple constraint. Journal of Advances in Information Technology, 4(1), 8-19. doi:10.4304/jait.4.1.8-19.
Hasan, H. & Al-Hashimi, M. (2019). The Impact of Project Management Methodologies on Project Success: A Case Study of the Oil and Gas Industry in the Kingdom of Bahrain. International Journal of Innovative Science and Research Technology, 4(1), 164-174.
Habibi, F., Barzinpour, F., & Sadjadi, S. J. (2018). Resource-constrained project scheduling problem: Review of past and recent developments. Journal of Project Management, 3(2), 55-88. doi:10.5267/j.jpm.2018.1.005.
Hussain, S.T., Lei, S., Akram, T., Haider, M.J., Hussain, S.H. & Ali, M. (2016). Kurt Lewin’s change model: A critical review of the role of leadership and employee involvement in organizational change. Journal of Innovation & Knowledge, 3, 123-127.
Irfan, M., Hassan, M., & Hassan, N. (2019). The effect of project management capabilities on project success in Pakistan: an empirical investigation. IEEE Access, 7, 39417–39431. https://doi.org/10.1109/ACCESS.2019.2906851
Ingason, H., & Shepherd, M. (2014). Mapping the future for project management as a discipline for more focused research efforts. Procedia - Social and Behavioral Sciences, 119, 288-294. doi:10.1016/j.sbspro.2014.03.033.
Jen, H. (2016). Top reasons why Effective Communication is Critical, Retrieved from https://www.clarizen.com/top-reasons-why-effective-project-communication-is-critical/
Jitpaiboon, T., Smith, S. & Gu, Q. (2019). Critical success factors affecting project performance: an analysis of tools, practices, and managerial support. Project Management Journal. 50. 875697281983354. 10.1177/8756972819833545.
Kassem, M.A., Khoiry, M.A. and Hamzah, N., 2019. Using probability impact matrix (PIM) in analyzing risk factors affecting the success of oil and gas construction projects in Yemen. International Journal of Energy Sector Management,14(3), pp.527-46. https://doi.org/10.1108/IJESM-03-2019-001
Kauppi, K., Longoni, A., Caniato, F., & Kuula, M. (2016). Managing country disruption risks and improving operational performance: risk management along integrated supply chains, International Journal of Production Economics 182 DOI: 10.1016/j.ijpe.2016.10.006
Nareshkumar, D. C., Pranav, H. D. & M. N. Qureshi (2017). Relationship between critical success factors and performance indicator factors in automobile industry of Gujarat. IJIRST International Journal for Innovative Research in Science & Technology, 4(2), 127-136.
Nolan, D. P., (1996). Handbook of Fire and Explosion Protection Engineering Principles for Oil, Gas, Chemical and Related Facilities. Noyes Publications. New Jersey.
Parker, D. W., Parsons, N., & Isharyanto, F. (2015). Inclusion of strategic management theories to project management. International Journal of Managing Projects in Business, 8, 552-573. doi:10.1108/ijmpb-11-2014-0079.
Poveda-Bautista, R., Diego-Más, J.A., & León-Medina, D. (2018). Measuring the project management complexity: the case of information technology projects, Complexity, 1-19, https://doi.org/10.1155/2018/6058480
Santos I.O.M.D, Barriga G.D.C, Jugend D., & Gauchick–Miguel P.A. (2019). Organizational factors influencing projecting success: An assessment in the automotive industry. production. Prod.vol.29 SAO Paulo 2019. Epub.
Scheuchner, G. A. (2017). Strategies to promote IT project success (Doctoral dissertations). Retrieved from ProQuest Digital Dissertations and Theses database (UMI No. 1986002893).
Sridarran, P., Keraminiyage, K., & Herszon, L. (2017). Improving the cost estimates of complex projects in the project-based industries. Built Environment Project and Asset Management, 7, 173 184. doi:10.1108/bepam-10-2016-0050
Um, K., & Kim, S. (2018). Collaboration and opportunism as mediators of the relationship between NPD project uncertainty and NPD project performance, International Journal of Project Management, 36(4), 659-672. https://doi.org/10.1016/j.ijproman.2018.01.006
Walker, D & Shen, Y. (2002). Project understanding, planning, flexibility of management action
and construction time performance: Two Australian case studies." Construction Management Economy, 20(1), 31-33.
Ziadat, A. (2019). The impact of E-Learning in developing academic skills and social interaction among students with learning disabilities in Jordan from the perspective of their teachers, TEM Journal 8(4):1440-1448 DOI: 10.18421/TEM84-48.