Project Risk Management Strategies, Project Quality and Project Success - Moderating Role of Financial Self-Efficacy

Abstract

Despite extensive research efforts by various scholars, achieving project success remains a persistent challenge. Considering Bandura’s self-efficacy theory, this study examines the impact of project risk management and project excellence on the attainment of project success, while also considering the curbing influence of monetary self-efficacy. The author gathered data from 252 project supervisors employed in the software program industry of Pakistan by utilizing questionnaires. Subsequently, the collected data underwent comprehensive analysis using the SPSS tool. The research found that when people feel confident about handling money (Financial Self-Efficacy) so it can make a big difference in how well project risk is managed and how good the quality of the project turns out to be in the software industry in Pakistan. This confidence in managing finances acts like a helpful tool. It was also discovered that good leadership and team-building have a significant impact on the project's accomplishment, confirming what other studies have shown. Overall, this research suggests that believing in your ability to handle money is a key factor in making projects successful in the software industry in Pakistan. This information can be useful for companies and project managers.