Project Risk Management (PRM) and Project Success (PS): Mediating Role of Project Control and Moderation Effect of Project Governance

Abstract

The risk management id a hot issue in large corporations and multinational firms but still there is a need in Project. Risk is the chance of loss and management of risk is the control of those possible losses. So the risk may disturb the performance of the project. The core aim of this research is to examine the association between Project risk management (PRM) and project success (PS). We conducted this study in the Pakistan. Cities are Lahore, Faisalabad, and Multan, Peshawar, Karachi, and Hyderabad. The 350 respondents who are doing jobs in different projects of different cities provide the data for this study. The study examines that the PRM has positive and significant impact on project success. The role of mediation of project control and moderation of project governance has also significant positive effect on project success. Finally study concluded that the project success may be enhanced by applying the risk management.