Title:	IMPACT OF INDIVIDUAL DECISION-MAKING FACTORS ON PROJECT FAILURE
Author(s):	Narasimha Rao Vajjhala and Kenneth David Strang
ISBN:	978-989-8704-37-5
Editors:	Miguel Baptista Nunes, Pedro Isaías and Philip Powell
Year:	2022
Edition:	Single
Keywords:	Project Risk, Failure, Certification, Project Manager, Experience, Decision Making, Enterprise, Risk Management
First Page:	151
Last Page:	158
Language:	English
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Paper Abstract:	There is a need for research to identify the factors contributing to the high failure rate in global projects. If individual, organizational, and global factors cannot account for why half of all projects failed, there may be hidden causes. The argument in the current study is that since the project manager (PM) is the risk decision maker, this is the best place to explain why half of all projects fail. We may posit that individual decision-making factors ought to be significant in the context of a project failure. Therefore, we should rule out other project failure predictors. This study examines whether 'a priori' individual factors, such as age, gender, PM certification, education, and experience, are related to a project outcome. The findings of this study indicate that PM experience does not play a significant role in risk decision-making because other factors may be more dominant. Education was not related to project outcome for a primary decision. Still, it was significantly and negatively associated with a biased decision. The results of this study should help understand some of the individual factors and should contribute to future studies on the influence of other factors, including PM competency that was not studied completely in this study.
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