Strengthening success factors and overcoming profitability barriers towards sustainable project management consultant companies

Project success can be assured by identifying, reducing, and eliminating the impact of profitability barriers; and by understanding and exploring the success factors in order to achieve sustainable profitability of Project Management Consultant (PMC) companies. Currently, practices of project manage...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Business and economic research 2018-05, Vol.8 (2), p.230-246
1. Verfasser: Bernardino, Edgar B
Format: Artikel
Sprache:eng
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
container_end_page 246
container_issue 2
container_start_page 230
container_title Business and economic research
container_volume 8
creator Bernardino, Edgar B
description Project success can be assured by identifying, reducing, and eliminating the impact of profitability barriers; and by understanding and exploring the success factors in order to achieve sustainable profitability of Project Management Consultant (PMC) companies. Currently, practices of project management consultants in the construction industry sector do not always ensure project success. Thus, this paper aims to assess and strengthen the success factors; and overcome profitability barriers to improve effectiveness of project delivery. Using Porter’s five forces model as profitability barriers, areas with the highest impact to sustainable profitability were investigated. Data were gathered through a survey questionnaire and purposive sampling technique was used to select 140 respondents who are working in a project management and consulting company in Doha, Qatar for the year 2016-2017. The findings revealed that profitability barriers such as: power of suppliers, industry competition, and impact of new entrants are correlated to some of the areas of success factors, such as: effective project management, efficient cost leadership, competitive differentiation, and strategic alliances and networking. Sustainable profitability is significantly affected by the power of suppliers, and strategic networking and alliance. Whereas, competitive differentiation significantly affects profitability barriers. Based on the findings of this study, recommendations were given on how to strengthen project success factors and reduce the impact of profitability barriers.
doi_str_mv 10.5296/ber.v8i2.13003
format Article
fullrecord <record><control><sourceid>econis_cross</sourceid><recordid>TN_cdi_crossref_primary_10_5296_ber_v8i2_13003</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>1024828212</sourcerecordid><originalsourceid>FETCH-LOGICAL-c141N-d15aaa0323a2476d7c639db27c730b9d7d4613950a8112d546b390e3213422733</originalsourceid><addsrcrecordid>eNpNkM1OwzAQhC0EElXplbNfIMVeO05yRBV_UgUH4BxtbKe4SpzKNkU98eokLYfuZUfamdXoI-SWs2UOlbprbFjuSwdLLhgTF2QGXEEmS8Uuz_Q1WcS4ZeMoUJLxGfl9T8H6Tfqy3vkNjd9a2xhpizoNIVL0hg57G_TQT-ddGFqXsHGdSwfaYAjOjq40_GAwcUzHhM5j09nJurU60R49bmxvfaJ68PG7S3iU_Q69s_GGXLXYRbv433Py-fjwsXrO1m9PL6v7daa55K-Z4TkiMgECQRbKFFqJyjRQ6EKwpjKFkYqLKmdYcg4ml6oRFbMCuJAAhRBzsjz91WGIMdi23gXXYzjUnNUTwXokWE8E6yPBMUBPATvWdvHMDrKEEjiIPyoScoI</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype></control><display><type>article</type><title>Strengthening success factors and overcoming profitability barriers towards sustainable project management consultant companies</title><source>Free E-Journal (出版社公開部分のみ)</source><creator>Bernardino, Edgar B</creator><creatorcontrib>Bernardino, Edgar B</creatorcontrib><description>Project success can be assured by identifying, reducing, and eliminating the impact of profitability barriers; and by understanding and exploring the success factors in order to achieve sustainable profitability of Project Management Consultant (PMC) companies. Currently, practices of project management consultants in the construction industry sector do not always ensure project success. Thus, this paper aims to assess and strengthen the success factors; and overcome profitability barriers to improve effectiveness of project delivery. Using Porter’s five forces model as profitability barriers, areas with the highest impact to sustainable profitability were investigated. Data were gathered through a survey questionnaire and purposive sampling technique was used to select 140 respondents who are working in a project management and consulting company in Doha, Qatar for the year 2016-2017. The findings revealed that profitability barriers such as: power of suppliers, industry competition, and impact of new entrants are correlated to some of the areas of success factors, such as: effective project management, efficient cost leadership, competitive differentiation, and strategic alliances and networking. Sustainable profitability is significantly affected by the power of suppliers, and strategic networking and alliance. Whereas, competitive differentiation significantly affects profitability barriers. Based on the findings of this study, recommendations were given on how to strengthen project success factors and reduce the impact of profitability barriers.</description><identifier>ISSN: 2162-4860</identifier><identifier>EISSN: 2162-4860</identifier><identifier>DOI: 10.5296/ber.v8i2.13003</identifier><language>eng</language><ispartof>Business and economic research, 2018-05, Vol.8 (2), p.230-246</ispartof><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c141N-d15aaa0323a2476d7c639db27c730b9d7d4613950a8112d546b390e3213422733</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,27924,27925</link.rule.ids></links><search><creatorcontrib>Bernardino, Edgar B</creatorcontrib><title>Strengthening success factors and overcoming profitability barriers towards sustainable project management consultant companies</title><title>Business and economic research</title><description>Project success can be assured by identifying, reducing, and eliminating the impact of profitability barriers; and by understanding and exploring the success factors in order to achieve sustainable profitability of Project Management Consultant (PMC) companies. Currently, practices of project management consultants in the construction industry sector do not always ensure project success. Thus, this paper aims to assess and strengthen the success factors; and overcome profitability barriers to improve effectiveness of project delivery. Using Porter’s five forces model as profitability barriers, areas with the highest impact to sustainable profitability were investigated. Data were gathered through a survey questionnaire and purposive sampling technique was used to select 140 respondents who are working in a project management and consulting company in Doha, Qatar for the year 2016-2017. The findings revealed that profitability barriers such as: power of suppliers, industry competition, and impact of new entrants are correlated to some of the areas of success factors, such as: effective project management, efficient cost leadership, competitive differentiation, and strategic alliances and networking. Sustainable profitability is significantly affected by the power of suppliers, and strategic networking and alliance. Whereas, competitive differentiation significantly affects profitability barriers. Based on the findings of this study, recommendations were given on how to strengthen project success factors and reduce the impact of profitability barriers.</description><issn>2162-4860</issn><issn>2162-4860</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2018</creationdate><recordtype>article</recordtype><recordid>eNpNkM1OwzAQhC0EElXplbNfIMVeO05yRBV_UgUH4BxtbKe4SpzKNkU98eokLYfuZUfamdXoI-SWs2UOlbprbFjuSwdLLhgTF2QGXEEmS8Uuz_Q1WcS4ZeMoUJLxGfl9T8H6Tfqy3vkNjd9a2xhpizoNIVL0hg57G_TQT-ddGFqXsHGdSwfaYAjOjq40_GAwcUzHhM5j09nJurU60R49bmxvfaJ68PG7S3iU_Q69s_GGXLXYRbv433Py-fjwsXrO1m9PL6v7daa55K-Z4TkiMgECQRbKFFqJyjRQ6EKwpjKFkYqLKmdYcg4ml6oRFbMCuJAAhRBzsjz91WGIMdi23gXXYzjUnNUTwXokWE8E6yPBMUBPATvWdvHMDrKEEjiIPyoScoI</recordid><startdate>20180529</startdate><enddate>20180529</enddate><creator>Bernardino, Edgar B</creator><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope></search><sort><creationdate>20180529</creationdate><title>Strengthening success factors and overcoming profitability barriers towards sustainable project management consultant companies</title><author>Bernardino, Edgar B</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c141N-d15aaa0323a2476d7c639db27c730b9d7d4613950a8112d546b390e3213422733</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2018</creationdate><toplevel>online_resources</toplevel><creatorcontrib>Bernardino, Edgar B</creatorcontrib><collection>ECONIS</collection><collection>CrossRef</collection><jtitle>Business and economic research</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Bernardino, Edgar B</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Strengthening success factors and overcoming profitability barriers towards sustainable project management consultant companies</atitle><jtitle>Business and economic research</jtitle><date>2018-05-29</date><risdate>2018</risdate><volume>8</volume><issue>2</issue><spage>230</spage><epage>246</epage><pages>230-246</pages><issn>2162-4860</issn><eissn>2162-4860</eissn><abstract>Project success can be assured by identifying, reducing, and eliminating the impact of profitability barriers; and by understanding and exploring the success factors in order to achieve sustainable profitability of Project Management Consultant (PMC) companies. Currently, practices of project management consultants in the construction industry sector do not always ensure project success. Thus, this paper aims to assess and strengthen the success factors; and overcome profitability barriers to improve effectiveness of project delivery. Using Porter’s five forces model as profitability barriers, areas with the highest impact to sustainable profitability were investigated. Data were gathered through a survey questionnaire and purposive sampling technique was used to select 140 respondents who are working in a project management and consulting company in Doha, Qatar for the year 2016-2017. The findings revealed that profitability barriers such as: power of suppliers, industry competition, and impact of new entrants are correlated to some of the areas of success factors, such as: effective project management, efficient cost leadership, competitive differentiation, and strategic alliances and networking. Sustainable profitability is significantly affected by the power of suppliers, and strategic networking and alliance. Whereas, competitive differentiation significantly affects profitability barriers. Based on the findings of this study, recommendations were given on how to strengthen project success factors and reduce the impact of profitability barriers.</abstract><doi>10.5296/ber.v8i2.13003</doi><tpages>17</tpages></addata></record>
fulltext fulltext
identifier ISSN: 2162-4860
ispartof Business and economic research, 2018-05, Vol.8 (2), p.230-246
issn 2162-4860
2162-4860
language eng
recordid cdi_crossref_primary_10_5296_ber_v8i2_13003
source Free E-Journal (出版社公開部分のみ)
title Strengthening success factors and overcoming profitability barriers towards sustainable project management consultant companies
url https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-25T06%3A19%3A02IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-econis_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Strengthening%20success%20factors%20and%20overcoming%20profitability%20barriers%20towards%20sustainable%20project%20management%20consultant%20companies&rft.jtitle=Business%20and%20economic%20research&rft.au=Bernardino,%20Edgar%20B&rft.date=2018-05-29&rft.volume=8&rft.issue=2&rft.spage=230&rft.epage=246&rft.pages=230-246&rft.issn=2162-4860&rft.eissn=2162-4860&rft_id=info:doi/10.5296/ber.v8i2.13003&rft_dat=%3Ceconis_cross%3E1024828212%3C/econis_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_id=info:pmid/&rfr_iscdi=true