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 inGlobal journal of flexible systems management Vol. 22; no. 3; pp. 179 - 196
Main Authors Tiwari, Pankaj, Suresha, B
Format Journal Article
LanguageEnglish
Published New Delhi Springer India 01.09.2021
Subjects
Business and Management
Original Research
Project risk management
Financial Services
Project flexibility
Project innovativeness
Project performance
Business success
Project success
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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.
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
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  fullname: Tiwari, Pankaj
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  surname: Suresha
  fullname: Suresha, B
  organization: School of Business and Management, CHRIST (Deemed To Be University)
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Issue 3
Keywords Project risk management
Financial Services
Project flexibility
Project innovativeness
Project performance
Business success
Project success
Language English
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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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StartPage 179
SubjectTerms Business and Management
Original Research
Title Moderating Role of Project Innovativeness on Project Flexibility, Project Risk, Project Performance, and Business Success in Financial Services
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