Unlocking Project Success through Benefits management: A Mediation Model of Team Cohesion and Effective Communication
Keywords:
Benefits management, Project Success, Team Cohesion, Effective Communication, Resource Based View TheoryAbstract
This research examines the relationship between benefits management
and project success within the IT sector project of Pakistan,
employing the Resource-Based View (RBV) theory as a fundamental
framework. It analyzes how team cohesion and effective
communication influence this relationship, offering insights into the
internal dynamics that lead to successful project outcomes. The study
uses structural equation modeling to demonstrate that benefits
management significantly enhances project success. The findings
demonstrate that benefits management substantially improves team
cohesion and effective communication, which subsequently exert a
positive effect on project success. Team cohesion acts as a partial
mediator between benefits management and project success; effective
communication did not exhibit a significant mediating effect. The
findings highlight the crucial role of internal resources, as outlined by
RBV theory, and emphasize the significance of fostering team
cohesion in Pakistani IT sector projects to enhance the effectiveness
of benefits management. This study fills a significant gap in the
literature by presenting empirical evidence on the interplay between
benefits management, team cohesion, and effective communication,
providing practical insights for project managers seeking to enhance
project success in a competitive environment.