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The project implementation profile's applicability to petro-chemical project success: an analysis of the key success factors

Purpose - This research seeks to develop a revised list of Key Success Factors for a petro-chemical project-specific Project Implementation Profile (PIP) tool and to identify the petro-chemical success factors that are not currently included in the PIP tool. Through the identification of petro-chemical key success factors not currently included in the PIP tool, and removing current PIP KSFs that are less applicable to petro-chemical project success. Design - Conducting a literature review a set of 10 additional key success factors are identified to be relevant to petro-chemical projects that are currently not included in the PIP. A web-based survey with a set of 20 KSFs was sent to petrochemical project stakeholders to determine their perceived importance of each key success factor in achieving petro-chemical survey project success. Findings - It is found that the top ten of the key success factors considered to be most relevant to achieving petro-chemical project success contain only six of the original PIP KSFs. The four new success factors are Change management, Client requirements, Estimating and Project implementation timeframe. PIP factors found to be the least important in achieving petro-chemical project success are Top management support, Technical tasks, Personnel and Project mission. Practical Implications - The analysed survey results lead to a revised list of ten KSFs for a possible petro-chemical project-specific PIP tool. Some limitations are noted. However, difficulty in choosing respondents representing all petro-chemical project stakeholders and the idiosyncratic views of the respondents may have skewed the results. It is recommended that further research is undertaken to confirm the research findings and to identify additional key success factors that may have been left out from this research. Testing of the revised tool is also recommended.

Identiferoai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:uct/oai:localhost:11427/27869
Date January 2018
CreatorsJohnsen, Marthinus
ContributorsJay, Ian
PublisherUniversity of Cape Town, Faculty of Engineering and the Built Environment, Department of Construction Economics and Management
Source SetsSouth African National ETD Portal
LanguageEnglish
Detected LanguageEnglish
TypeMaster Thesis, Masters, MSc
Formatapplication/pdf

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