Abstract:

Contemporary project management is one of the most common and fundamental ways of creating change within a firm that would ensure high levels of organizational success. Projects undergo various stages such as: initiating, planning, execution, monitoring and controlling to deliver the desired outcome. In prior studies, project success and failure are associated with stakeholders’ expectations - how stakeholders value project results and relate them to project team success. But the relationship is unclear. For the project to succeed, it is important to understand that stakeholders have different expectations in relation to the project. Thus, project success and failure are strongly influenced by how well the management meets stakeholders’ expectations and their perceptions influenced by the strength and willingness of the project manager to work closely and effectively with the project stakeholders to manage cartels and organizational politics. This research paper utilizes both descriptive statistics and regression analysis to understand and investigate the relationship between stakeholders’ perceptions on project success and project planning. With a regression coefficient of 0.631 and a coefficient of determination of 0.314, there exists a statistically significant relationship between the project planning and the stakeholder’s perception on the project success. Keywords: Project Management, Project Planning, Stakeholder Management, Project Success, Project Performance, Team Collaboration.

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