Project management and financial added value
DOI:
https://doi.org/10.37886/Keywords:
added value, civil engineering, companies, project management, researchAbstract
Research question (RQ): Are there any statistically significant correlations between planning, organizing, management and controlling factors and the financial added value of construction projects.
Purpose: The purpose of the research was to carry out the empirical research about the influence of project management factors on the financial added value in selected Slovenian construction companies and submit proposals in order to improve the situation.
Methodology: The quantitative study involved 77 respondents from Slovenian construction companies, the majority of whom were project managers.
Results: Based on research it is evident that precisely planned construction projects have statistically significant impact on the financial added value of projects, where have the highest impact proper planning, verification of objectives, and managing changes of the project.
Organization: We have designed the proposals to improve the situation in the field of project management in the construction industry.
Originality: The contribution of research to management science and profession is empirical research and analysis of the impact factors of management on the financial added value of the project, because in the last ten years in the construction industry has not been done a similar research.
Limitation: The research was focused on the financial added value of the projects only, and not on the other project efficiency factors, such as product or a process quality, user satisfaction, customer satisfaction and similarly.
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