A Structural Equation Model for Success Measurement of Regional Development Projects

Document Type: Original Article

Authors

1 Istanbul Technical University

2 Department of Industrial Engineering, Faculty of Management, Istanbul Technical University, Macka, 34367 Istanbul, Turkey

Abstract

Recent studies on determination of success criteria and critical success factors have gained a large share in project management research. However, there exist no “one-way” to define the project success. Meanwhile, it is also difficult to determine the success criteria and critical success factors to cover each type of project. This paper describes the development and investigation of the attributes of the success criteria and critical success factors and an analysis of the relationship between the success criteria and the success factors for regional development projects. A partial least square structural equation model (PLS-SEM) has been developed that includes variables of training, project team, project design, risk, sponsor, monitoring and project success. The model is validated using the data collected by a survey conducted for the past projects financially supported by Istanbul Development Agency. The overall results emphasize project design as the key success factor for the success of the project. Three success factors- project team, risk and monitoring- also matter as much if not more than the project design. We propose that the effect of sponsor can be displayed with an improved database due to its wide-ranging contribution to regional outcomes, the breadth of their partnership working and the long-term nature of their actions. This study has contributed to the growing literature related to success criteria and critical success factors for regional development projects.

Keywords