Role of project management methodologies in achieving project success and business value creation in financial services IT projects
- Title
- Role of project management methodologies in achieving project success and business value creation in financial services IT projects
- Creator
- Tiwari, Pankaj.
- Contributor
- Suresha B
- Description
- Increasingly, project-based organizations, have been implementing project management methodology for specific projects based on the dynamic environment. Financial services face challenges in the form of unstable market conditions, economies and technology, strict controls, and higher stress to meet customer demands and maximize profits. Many IT initiatives fail to provide the desired outcomes as per the project budgets, project types, and project contexts. Some are also unable to deliver business value to the customers due to the adoption of an unsuitable project management methodology. Regardless of the wide variety of choices, project managers often fail to decide on available alternatives. Project managers tend to tailor projects based on criteria that may not be associated with the overall project objectives rationally. The goal of this newlineresearch work is to assess the role of hybrid and agile project management approaches in newlineachieving success and creating business value considering project contexts for financial newlineservices IT projects. A conceptual research framework and various propositions were built on the literature analysis. To analyse the theoretical support, data was gathered through an online questionnaire. The survey was administered to project managers who were newlineinvolved at different levels in IT project development in financial service organizations. The study findings demonstrate that the various key success factors vary significantly across hybrid and agile project management methodologies considering different success measures in IT projects. And, such factors and processes play a vital role, especially in large-size high-technology projects. This research work enriches the project management literature and offers practical guidance by applying the contingency approach for comparing the effect of key success factors applicable to financial service IT projects from the viewpoint of hybrid and agile project management approaches.
- Source
- Author's Submission
- Date
- 2022-01-01
- Publisher
- Christ(Deemed to be University)
- Subject
- Management Studies
- Rights
- Open Access
- Relation
- 61000191
- Format
- Language
- English
- Type
- PhD
- Identifier
- http://hdl.handle.net/10603/400386
Collection
Citation
Tiwari, Pankaj., “Role of project management methodologies in achieving project success and business value creation in financial services IT projects,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 23, 2025, https://archives.christuniversity.in/items/show/12184.