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Critical Success Factors For Infrastructure European Funded Projects

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  • Sebastian-Ion Ceptureanu

    (Bucharest University of Economic Studies Faculty of Management)

Abstract

Absorption of European funds is on top of Romania’s public agenda for the last years although the first programming period has ended and the necessary lessons were learned so far. To have a high degree of absorption of funds provided by the EU must be of quality projects and their implementation to be successful. Through this work we aimed to investigate the success factors of infrastructure projects with European funding in Romania, Bulgaria, Moldova, Ukraine, Serbia and Kosovo, and identify critical success factors of these projects through a research surveying the teams of consultants and support personnel from the countries in an international consulting company. The research results are therefore constitute the empirical evidence of what constitutes critical success factors of infrastructure projects financed by the European Union and can be used as a starting point for scientific studies of the management of European projects or other actions that investigates measures that can be taken to improve the success rate of projects implemented in the area mentioned above.One of the contributions of this paper is to identify the critical success factors of success factors present in literature. With more so as they are critical success factors of infrastructure projects with European funding still required field studies and analysis performed in the present context. In addition, the critical factors were operationalized in a conceptual framework. Moreover, this framework includes leadership style of project manager as critical success factor has been identified in the research as the most important in the context in which it was conducted. As such, this paper demonstrates, with the necessary limitations, the importance of management style of project managers in the context of specific European funded infrastructure projects. And this is happening even though there are sophisticated project management tools availabe and relevant knowledge exists at both local and international consultants. We also hope the study results represent an impetus for both theorists who bring new evidence in this direction but also for practitioners to focus their efforts on these key areas.

Suggested Citation

  • Sebastian-Ion Ceptureanu, 2016. "Critical Success Factors For Infrastructure European Funded Projects," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 888-898, July.
    • Handle: RePEc:ora:journl:v:1:y:2016:i:1:p:888-898
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    References listed on IDEAS

    as
    1. Randall L. Schultz & Dennis P. Slevin & Jeffrey K. Pinto, 1987. "Strategy and Tactics in a Process Model of Project Implementation," Interfaces, INFORMS, vol. 17(3), pages 34-46, June.
    2. Sebastian Ion CEPTUREANU & Eduard Gabriel CEPTUREANU & Alina TUDORACHE & Filip ZGUBEA, 2012. "Knowledge Based Economy Assessment in Romania," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(1), pages 70-87, June.
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    More about this item

    Keywords

    management; project management; critical sucess factors; infrastructure projects;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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