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Effect of schedule management plan in project management worth using structural equation modelling.
D Suresh1, Sivakumar Annamalai2
1Assistent Professor, Department of Mechanical Engineering, V.S.B Engineering College, 67, Kovai Main Road, Karudayampalayam Post, Karur, 639111 Tamil Nadu, India.
Schedule management plans are crucial for service companies facing digitalization demands. While not directly impacting project management worth, strategic implementation significantly enhances outcomes.
Area of Science:
- Business Management
- Operations Research
- Information Systems
Background:
- Digitalization increases demand for personalized services, straining service companies.
- Customer expectations for quality and timely delivery are rising.
- Effective schedule management is vital for service companies.
Purpose of the Study:
- To assess employee and manager perceptions of schedule management plans.
- To understand the impact of schedule management on project management worth in service companies.
- To identify strategies for improving schedule management.
Main Methods:
- Surveying 200 employees and 10 managers in service companies.
- Utilizing structural equation modeling (SEM) for employee perception analysis.
- Qualitative insights from managers to validate findings.
Main Results:
- Employee perceptions indicate no direct link between schedule management and project management worth.
- Indirect influence of schedule management on project management worth is mediated by various factors and strategies.
- Manager perceptions confirmed the indirect impact and suggested specific strategies.
Conclusions:
- Schedule management plans require strategic integration, not direct application, to enhance project management.
- Developing cloud-based platforms and predictive modeling are key strategies for effective schedule management.
- Further research is needed to explore the mediating factors and strategic implementation of schedule management.
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