Authors :
Dr Adesegun Francis Osadare; Dr Edgar A. Jordan
Volume/Issue :
Volume 8 - 2023, Issue 6 - June
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://tinyurl.com/ymwxvcjh
DOI :
https://doi.org/10.5281/zenodo.8153377
Abstract :
Purpose:
Failure to achieve project success due to cost and
schedule overruns may negatively affect an
organization's financial strength, profitability, and
competitive advantage. Grounded in the triple constraint
model, we investigated the relationship between cost,
schedule overruns, and project success in the nuclear
construction industry in the United Kingdom.
Design/methodology/approach:
Data were collected from 66 project managers,
project directors, project control, delivery integration
managers, and construction project planners. The
multiple linear regression analysis was carried out.
Findings:
The multiple linear regression analysis results were
significant, F (2,63) = 19.002, p < .05, R2 = .38. Schedule
overruns provided the only statistically significant
contribution to the model (β =.462, p = .002).
Practical implications:
A key recommendation is for organizational leaders
to implement strategic trade-off plans by prioritizing
project schedules over cost to improve project success,
profitability, and competitive advantage.
Social Implication:
The implication for positive social change included
the potential to empower the local community by
creating jobs.
Keywords :
Cost Overrun, Schedule Overrun, Project Success, Nuclear Industry, Triple Constraint Theory.
Purpose:
Failure to achieve project success due to cost and
schedule overruns may negatively affect an
organization's financial strength, profitability, and
competitive advantage. Grounded in the triple constraint
model, we investigated the relationship between cost,
schedule overruns, and project success in the nuclear
construction industry in the United Kingdom.
Design/methodology/approach:
Data were collected from 66 project managers,
project directors, project control, delivery integration
managers, and construction project planners. The
multiple linear regression analysis was carried out.
Findings:
The multiple linear regression analysis results were
significant, F (2,63) = 19.002, p < .05, R2 = .38. Schedule
overruns provided the only statistically significant
contribution to the model (β =.462, p = .002).
Practical implications:
A key recommendation is for organizational leaders
to implement strategic trade-off plans by prioritizing
project schedules over cost to improve project success,
profitability, and competitive advantage.
Social Implication:
The implication for positive social change included
the potential to empower the local community by
creating jobs.
Keywords :
Cost Overrun, Schedule Overrun, Project Success, Nuclear Industry, Triple Constraint Theory.
