Enhancement of Project Performance through Risk Management and Monitoring & Evaluation with Moderating Role of Project Manager Decisional Skills

Abstract

The major issue of concern right now is how to run a project successfully and efficiently. The ultimate goal is to achieve a project performance and information technology is becoming noticeably progressively centered on projects because of market dynamism and rivalry. There might be a few elements that can influence project performance; however, this research concentrates on risk management (RM), Monitoring & evaluation (M&E), project manager decisional skills (DS) and its effect on project performance (PP). Researches prove the significance of risk management at any level or any type of organizations and monitoring & evaluation is a key project performance factors. The research is based on empirical studies and quantitative research based on the questionnaire. 239 IT sector employees was taken to examine the relationships between risk management to project performance, Monitoring & evaluation to project performance and project manager decisional skills to project performance. The moderating role of project manager decisional skills also examined in RM-PP and ME-PP relationship. 4 hypotheses were being tested in which all of them comes out to be significant and correlated positively. Result shows that factors have significant impact on the project performance.  The results show that risk management and monitoring & evaluation contribute in the project performance. Results have also shown that project management decisional skills moderate the relation between risk management and monitoring & evaluation on project performance. Practical implications of the study are presented based on the results.

Keywords: M&E, Risk Management, Project Manager Decisional skills, Project Performance.