Factors influencing the project success from the contractors' perspective

Abstract

Many factors influence project success and failure, including time, scope, budget, team satisfaction, customer satisfaction and quality of work. Defining success is very easy, but in practise different people define success in different ways. Project consider successful if it achieves all of the agreed project objectives like execute project on time and within budget, deliver what was agreed in the scope, meet the expected quality standards and the product produces by the project creates significant net value and return on investment for the owner or client after the project is completed. This study is to develop a better understanding, find and forecast to the actual problem. The basic study of this research on factors influencing project success was conducted through literature review. In this study, a quantitative method was used to conduct the relationship between factors of project success and project success criteria and also the impact of the factors on project successful criteria to the contractors. The results show that the analysed statistical result was processed and related to the four research objectives. The most significant factors identified as influencing project success from the contractors' perspective are: material, labour and equipment, contractor related factors, project management related factors, consultant related factors, procurement related factors, client related factors, project related factors and external factor. To overcome the problems, the contractors must oversee the construction and ensures that all necessary measures are taken to result in the completed finished product.