Proceedings of The 4th International Conference on Applied Research in Business, Management and Economics
Project Success, a system thinking Approach
Although research is inconclusive, a consensus exists that project success is a multidimensional, subjective, time, context, and stakeholder-dependent construct. In this research, a literature sample is analyzed to provide input for developing a system-oriented generic project achievement model. It is shown that project success or failure can be viewed as the extreme values of system states. Using cause loop diagrams, the complex underlying behavior that leads to a specific system state can be illustrated. The relevance of the model is demonstrated by corroborating five key findings from previous research on the topic of project success.
keywords: Project success, iron triangle, system thinking.