Mediated effect of project management asset characteristics on firm performance
International Journal of Managing Projects in Business
ISSN: 1753-8378
Article publication date: 21 June 2019
Issue publication date: 29 October 2020
Abstract
Purpose
The purpose of this paper is to study how project-level performance mediates the effect of project management assets on firm-level performance by examining the direct and mediated relationships between the project management process characteristics: valuable, rare, inimitable and organizationally supported on project-level and firm-level performance outcomes.
Design/methodology/approach
This paper analyzes data from an online survey completed by 198 North American Project Management Institute® members. Linear regression and Sobel Tests are used to examine the relationships between nine factors extracted from an exploratory factor analysis that comprise project management asset characteristics, one factor that comprises project-level performance outcomes, and one factor that comprises firm-level performance outcomes.
Findings
Not only does project-level performance positively and significantly affect firm-level performance, but project-level performance also significantly mediates the effect of project management asset characteristics (for all nine factors) on firm performance.
Research limitations/implications
Limitations of this study include sample size and self-report bias, calling for a larger sample in ongoing research.
Practical implications
This study contributes to the stream of literature on project management assets as sources of competitive advantage and makes the case for sustained organizational investments in the project management process.
Originality/value
This paper contributes to the limited, but increasing interest in applying the resource-based view of the firm to project management capabilities as a source of competitive advantage.
Keywords
Acknowledgements
This study was supported by Athabasca University, San José State University, and a grant from the Social Sciences and Humanities Council of Canada. The authors would like to acknowledge the study participants for completing the survey.
Citation
Jugdev, K., Mathur, G. and Fung, T. (2020), "Mediated effect of project management asset characteristics on firm performance", International Journal of Managing Projects in Business, Vol. 13 No. 7, pp. 1442-1464. https://doi.org/10.1108/IJMPB-12-2018-0284
Publisher
:Emerald Publishing Limited
Copyright © 2019, Emerald Publishing Limited