Moderating Role of Project Innovativeness on Project Flexibility, Project Risk, Project Performance, and Business Success in Financial Services
Project risk management is crucial for project success and for achieving short-term and long-term project goals. This study examines the linkage between the management of project risks and project flexibility for information technology projects in Financial Services. A conceptual framework establish...
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Published in | Global journal of flexible systems management Vol. 22; no. 3; pp. 179 - 196 |
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Main Authors | , |
Format | Journal Article |
Language | English |
Published |
New Delhi
Springer India
01.09.2021
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Abstract | Project risk management is crucial for project success and for achieving short-term and long-term project goals. This study examines the linkage between the management of project risks and project flexibility for information technology projects in Financial Services. A conceptual framework establishing the link between project risks, project flexibility, project performance, and business success, with project innovativeness as a moderating variable, has been introduced. To test the model, data were collated from over 400 managers working in Financial Services projects. The empirical outcomes through a Ordinal regression analysis demonstrate a substantial association between the management of project risks, project flexibility, and success of projects. Project innovativeness moderates the effects of project risks and project flexibility on project performance. Furthermore, managing project risks is vital to reduce the likelihood of failures in projects. This paper enriches existing research by applying a contingency perspective to project risk management and provides practical guidance for managing risks in projects professionally and also the relevancy of project flexibility. |
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AbstractList | Project risk management is crucial for project success and for achieving short-term and long-term project goals. This study examines the linkage between the management of project risks and project flexibility for information technology projects in Financial Services. A conceptual framework establishing the link between project risks, project flexibility, project performance, and business success, with project innovativeness as a moderating variable, has been introduced. To test the model, data were collated from over 400 managers working in Financial Services projects. The empirical outcomes through a Ordinal regression analysis demonstrate a substantial association between the management of project risks, project flexibility, and success of projects. Project innovativeness moderates the effects of project risks and project flexibility on project performance. Furthermore, managing project risks is vital to reduce the likelihood of failures in projects. This paper enriches existing research by applying a contingency perspective to project risk management and provides practical guidance for managing risks in projects professionally and also the relevancy of project flexibility. |
Author | Suresha, B Tiwari, Pankaj |
Author_xml | – sequence: 1 givenname: Pankaj orcidid: 0000-0002-1426-1522 surname: Tiwari fullname: Tiwari, Pankaj email: adatiya.pankaj@gmail.com, pankaj.tiwari@res.christuniversity.in organization: School of Business and Management, CHRIST (Deemed To Be University) – sequence: 2 givenname: B surname: Suresha fullname: Suresha, B organization: School of Business and Management, CHRIST (Deemed To Be University) |
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CitedBy_id | crossref_primary_10_1007_s40171_021_00277_7 crossref_primary_10_1007_s40171_022_00302_3 crossref_primary_10_1108_JCRE_12_2022_0040 crossref_primary_10_1038_s41598_024_58341_y crossref_primary_10_3390_buildings12111856 crossref_primary_10_1007_s40171_022_00314_z crossref_primary_10_1007_s40171_023_00351_2 crossref_primary_10_1007_s40171_022_00319_8 crossref_primary_10_1007_s40171_022_00311_2 |
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Keywords | Project risk management Financial Services Project flexibility Project innovativeness Project performance Business success Project success |
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Snippet | Project risk management is crucial for project success and for achieving short-term and long-term project goals. This study examines the linkage between the... |
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Title | Moderating Role of Project Innovativeness on Project Flexibility, Project Risk, Project Performance, and Business Success in Financial Services |
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