The Association between Project Success and Project Initiation Phase: A Study on Some Selected Projects in Bangladesh

Abstract

The purpose of this study is to examine empirically the association between the different phases of project initiation process and the project success in the environment of Bangladesh. The study samples 50 companies, local and foreign, operating in real estate, garments, and electronics sector in Bangladesh. The result of the study indicates that most of the factors in the project initiation process have significant positive relationship to the project success other than project taken based on opportunity and feasibility study done by specialized firms. The study is important to managers, policymakers, and academics as it demonstrates which factors of project initiation process contribute significantly to the successful completion of a project. There is no research on the association between the different phases of project initiation process and the project success in Bangladesh. This study extends the literature by demonstrating the impact of different phases of project initiation process on project success.

Key Words: Project Success; Business Case; Project Initiation; Project office; Project Phase review.