Sustainability in Project Management

By

ACKNOWLEDGEMENT

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.

DECLARATION

I, [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

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ABSTRACT

The study has explored the concept of Project Management in a holistic context. The main focus of the study is on the sustainability of the project management in construction industry. The research also analyses different aspects of projects and project management. It explains the role played by the project manager in the success or failure of project manager. It also describes various factors that can contribute to the hindrance and can cause risks in the sustainability of the project management. The research discusses different risk factor and importance of risk management in the project of management of construction industry. It also provides implications and recommendations through which a manager and people who want to initiate a project can sustain their project by managing them appropriately. The research provides an analyses of overall risk factors involved in a failure of a project and how they can be overcome through proper communication, leadership, appropriate decision-making, identifying the risks and challenges at various stages, etc.

TABLE OF CONTENTS

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

CHAPTER 1: INTRODUCTION1

1.1Introduction1

1.2Research Background1

1.3Rationale2

1.4Learning Outcomes3

1.5Aims and Objectives3

CHAPTER 2: LITERATURE REVIEW5

2.1Introduction5

2.2Project5

2.3 Project Management in the Construction Industry6

2.4 Significance of Construction Project Management7

2.5 Leadership and Project Management in the Construction Industry8

2.6 Role of Project Manager10

2.6.1 Economic Analysis of Construction Project11

2.6.2 Financial Analysis of Construction Project13

2.7 Risk Management as Part of Project Management15

2.8 Project in Construction Industry- Failure or Success16

2.9 Summary19

CHAPTER 3: METHODOLOGY21

3.1 Research Design21

3.2 Research Strategy: Case Study21

3.3 Qualitative design22

3.4 Limitations22

3.5 Research Approach23

3.6 Data collection method24

3.7 Validity24

3.8 Ethical issues25

3.9 Case Study of Balfour Beatty26

3.9.1 Company Profile: Balfour Beatty26

CHAPTER 4: DISCUSSION ANALYSIS28

4.1 Uncertain Technological Changes occurring in Balfour Beatty28

4.2 Communication in Balfour Beatty29

4.3 Managing Cost-Effectiveness in Balfour Beatty projects31

4.4 Public Safety as a Major Issue in Balfour Beatty Projects32

4.5 Project efficiency33

4.6 Constraints Regarding Resource Allocation in Mega Projects of Balfour Beatty34

4.7 Increase in rate of Failure of Balfour Beatty Projects35

4.8 Challenges in the Initialization of Project for Balfour Beatty36

4.9 Challenges in Planning Phase for Balfour Beatty36

4.10 Challenges in Execution Phase for Balfour Beatty Projects37

4.11 Decision Making in Balfour Beatty37

4.12 Uncertain Environmental Conditions38

4.13 Deficient Management39

4.14 De-Motivating Factors for Projects40

CHAPTER 5: RECOMMENDATIONS AND CONCLUSION42

5.1 Recommendations42

5.2 Conclusion47

REFERENCES50

CHAPTER 1: INTRODUCTION

Introduction

The word 'project' has been taken from the word of Latin origin, which is meant 'to combine and hybrid' (Stretton, 2007, 18). In portfolio management, a discipline that is practiced in the midst of planning, organizing, leading and controlling the effects on financial decisions on the entity's resources and create succession and achievement of project-specific goals and objectives.

Research Background

Projects date back from as historical as the building of the Pyramids in Egypt to as technological ...