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Abstract: Global scenarios of organizations show investments wasted in projects with poor per-
formances in more than 11 percent of cases, according to the Project Management Institute. This
research aims to guide organizations in assertively investing in the right pertinent factors to improve
project success rates and speed up project management maturity at a higher accuracy level using
statistical predictions. Challenging existing drivers for project management maturity models and
expanding their current practical view will be the result of a quantitative methodology based on a
survey supported by data collection targeting the project management community in Brazil. The
originality and value of this research are in contributing to the development of new project maturity
models statistically supported by the increasing rate of maturity accuracy, which can be continually
improved by confident data input into the model. The results show a high correlation between the
performance measurement system and the project success rate associated with project management
maturity. In addition, this research contemplates the relationship between organizational culture,
business type, and project management office and project management maturity.
1. Introduction
With the radical changes in the global scenario for organizations driven by new
Citation: Celani de Souza, H.J.; technologies and professional skills, investments wasted on poor project performance have
Salomon, V.A.P.; Sanches da Silva, corresponded to an average of 11.4 percent, based on recent surveys. The beginning of a
C.E. Statistical Predictors of Project new decade is ushering in a world full of complex issues that require organizational leaders
Management Maturity. Stats 2023, 6, to reimagine not just the nature of work, but how it is completed [1]. According to the
868–888. https://doi.org/10.3390/ Project Management Institute (PMI), executive leaders have identified the most important
stats6030054 factors for achieving project success in the future, including organizational agility (35%),
Academic Editor: Wei Zhu
choosing the right technologies to invest in (32%), and securing relevant skills (31%).
Global economic scenarios and competitive challenges are forcing organizations to ac-
Received: 6 June 2023 complish projects with higher success rates as a result of process effectiveness, technologies,
Revised: 31 July 2023 policies, standards, educational programs, knowledge management, and more predictable
Accepted: 8 August 2023
environments. Although the theory of project management (PM) offers resources for this
Published: 15 August 2023
target, concepts and definitions of project success vary greatly and are usually beyond
known boundaries within the literature while evidencing a wide diversity of opinions and
approaches [2,3].
Copyright: © 2023 by the authors.
Since 2013, the PMI has intensified the research to improve the definition of success
Licensee MDPI, Basel, Switzerland.
and the impact factors compatible with the complex business world. In 2018, the PMI
This article is an open access article
performed a global survey with 5702 respondents: 4455 PM practitioners, 447 senior
distributed under the terms and executives, and 800 PM officers. The industries included construction, energy, government,
conditions of the Creative Commons healthcare, information technology (IT), manufacturing, and telecommunications. The
Attribution (CC BY) license (https:// respondents spanned North America, Asia Pacific, Europe, Middle East and Africa, Latin
creativecommons.org/licenses/by/ America, and the Caribbean. The survey revealed the three main top drivers for project
4.0/). success that should be considered by organizations: investing in actively engaged executive
sponsors; avoiding scope creep or uncontrollable changes to a project’s scope; and maturing
value delivery capabilities, all of which focus on organizational agility. Furthermore, 26% of
all respondents reported that inadequate sponsor support is the primary cause of failed
projects [4]. This factor had not been considered as the main dimension in the project
management maturity models (PMMMs) reported in the literature. The other factors have
been covered indirectly or with different denominations [5]. Another survey carried out in
2017 by the PMI showed that organizations wasted an average of BRL 97 million out of every
BRL 1 billion invested due to poor project performance, representing a 20-percent decline
compared to 2016. This annual survey of PM practitioners and leaders, compounded with
the global feedback of 3234 professionals of different levels within organizations from a
variety of industries, strives to advance the conversation around the value of PM, and the
findings’ links with lessons learned and the improvement benefit from PMM in the proven
project, program, or portfolio management practices [6].
The concept of project success has different approaches and understandings in the
literature. Sometimes, it is difficult to tell it from project failure. It can be seen as a
multidimensional construct: management, business objective achievements, and strategic
oriented, or simply defined as what the project should deliver. Furthermore, a project’s
success within organizations depends intensively on the availability of high-performing
individuals [3,7,8].
Maturity in PM is an organizational condition associated with successful projects:
it allows for success to be repeated [9–11]. The PMM of organizations attains favorable
conditions that will help projects succeed by using models. PMMMs have been developed
since the 1980s to provide appropriate approaches to continuous improvement, similar
to total quality management [12]. The first PMMM was the Capability Maturity Model
Integration (CMMI) developed at Carnegie Mellon University, from 1986 to 1993. The ma-
jority of concepts was based on questionnaires and several dimensions under analysis
to perform assessments. A survey performed by 86 project professionals from various
service and manufacturing organizations revealed that performance measurement systems
(PMSs) and project management maturity (PMM) are significantly correlated with business
performance and project success. With all relevant facts confirmed in the literature and
surveys, this research focuses on the direct relationship that PMM and PM have to project
success concepts [13].
This paper arose from the evidence of PMM’s poor benchmark statistics of 60% in
immaturity experienced by several companies [4,5]. Another strong motivation for this
study is the correlation between PMM and PMS [11,13].
Figure 1 presents the most frequent dimensions considered by PMMM.
This paper also describes the behavior of PMM and project success in manufacturing
and service organizations, represented by the organization operation type (OOT) variable,
in terms of the existence of a project management office (PMO) and a defined organizational
structure (OS), which bring additional scientific contributions to rigorous statistical criteria.
This paper contemplates analysis based on PMI annual surveys but adds new surveys
in the 2020s. The paper is organized as follows: The Introduction is presented in Section 1,
also including the motivation of this study. The Background is presented in Section 2, the
Methodology in Section 3, the Results and Discussions in Section 4, and the Conclusion
and Recommendations in Section 5.
2. Background
This section presents a literature review covering concepts and theoretical foundations
of project management maturity models.
Most PMMMs are five-level models, except for the four-level OPM3. The models have
slight differences in conceptualization, such as the delineation of the PMM framework,
the definition of maturity, the coverage of PM knowledge areas, and their scope. In addition,
only 20% of the PMMM considers a performance measurement system (PMS), the existence
of a project management office (PMO), and the organization operation type (OOT) as
drivers for project success, and it is only improved upon when organizations perceive the
driving forces [5,21,23,24].
The process starts with defining a team composed of one sponsor, one appraisal
leader, and internal stakeholders to be interviewed or to answer questionnaires. Initially,
the CMMI model is explained to the team and made clear that it contains a view specifically
for services and offers new features, including an online model viewer for accelerated
adoption. The next step is to gauge the organization by using an appraisal, which is an
activity to identify strengths and weaknesses of the organization’s processes and to examine
how closely the processes relate to CMMI best practices. The final result will reveal the
maturity level and the process gaps compared with the CMMI’s model. An action plan is
developed by the organization to improve the process and reach an upper maturity level.
In the case of IBM, level 5 of PMM means that the organization has reached the
benchmarking level where continuous improvement is the current practice to keep this
level and improve more and more. At this level, a common language is achieved within
the organization, a process is in place and documented for following, a PM methodology is
institutionalized and consistent for the entire organization, and a continuous improvement
and benchmark cycle is underway. The main benefits of this effort are to gain customer
loyalty, develop resiliency, increase time to market, improve quality, and reduce costs.
In the case of McKinsey, levels 1 and 2 mean the company is still investing to have
a common language and process in place, but a single PM methodology is not avail-
able within the organization. Another interesting CMMI case is the company Cognizant,
a leading provider of information technology (IT), which is also at level 5 maturity and
has been showing lots of strengths. Cognizant has decided to focus its strategy on cost
reduction, operational efficiencies, IT alignment to the business, and business transfor-
mation and innovation. The company monitors its performance based on the following
practices: proactively measuring performance against goals on an ongoing basis; using pre-
diction models to ensure proactive achievement of business objectives; conducting audits
to enable business assurance and disseminating best practices; implementing a structured
framework/platform support to inculcate a culture of best-practice adoption across the
organization; and applying process automation tools and training. Sustaining a CMMI
maturity rating of level 5 has strengthened employee confidence. Specifically, the best prac-
tices that have been built within the organization through a robust process and platform
capabilities have helped employees consistently exceed meeting customer demands.
Depending on the PMMM, the number of levels may vary from 4 to 5, and each
level has a specific description of the organization’s condition to characterize it. The
following sections explain the main PMMMs available and show how the evaluation of
maturity level is obtained. Most of them are not statistically based and originate from
practical experience and observations. This article brings the necessary statistical basis
from consistent assessments.
The reason KPMMM’s original scale is from −3 to +3 is not explained, unlike the
conventional and consolidated scales, such as the Likert scale or the Saaty scale [28]. It
is also subjective to consider all requirements accomplished for the maturity level when
the obtained result for the level is greater than or equal to +6. KPMMM’s users report
overlaps between maturity levels, which may cause a lack of accuracy in defining the level
completed by the organization. To mitigate this model’s issue and bring a more scientific
contribution to the PM community, fuzzy logic was applied to PMM-level decisions to
augment the accuracy of this model [29].
In the example presented in Table 3, the three first levels of KPMMM are satisfied with
scores greater than +6. The organization is on the road to achieving level 4. Level 3 is the
higher level with a score equal to or greater than +6, and the application of KPMMM results
in the identification of “Line Management” as the maturity level for this organization.
According to KPMMM theory, the company may need up to two more years to increase its
maturity level [10].
Author Definition
An assessment and evaluation process for the efficiency and effectiveness of people,
John Schermerhorn, 1984 [30]
resources, and technology.
R. Kaplan and D. Norton, 1996 [31] A metric system used to quantify the efficiency and effectiveness of an action.
Alaa Ghalayini et al., 1997 [32] A way for organizations to control process improvements to achieve their goals.
Allow decisions and actions to be performed based on information (data collection, data
Andy Nelly et al., 1997 [33] analysis, interpretation, and dissemination of the results) and quantify process efficiency and
the effectiveness of past actions.
A set of people, methods, tools, and indicators structured to collect, describe, and represent
M. Figueiredo et al., 2005 [34]
data, the main goal of which is to generate information.
Y. Zhang and S. Li, 2009 [35] A systematic analysis and objective evaluation of the management of projects completed.
Interrelated and independent performance management elements that influence one another
Laura Ricci, 2016 [36] to increase employee and organizational performance to ultimately enhance
organizational effectiveness.
Stats 2023, 6 874
The purpose of a PMS is to measure improvements and failures, analyze human behav-
ior for training needs, validate rewards, and career development. The PMS is considered
the heart of any organizational performance management and is a main variable to be
researched in this study due to its impact on project success [29]. A survey with 86 PM pro-
fessionals from various North American service and manufacturing organizations revealed
that project success and PMM are significantly related to business performance [13]. This in-
formation concerns multiple dimensions of performance for distinct users at a hierarchical
level, which allows managers to evaluate their teams’ performance, activities, and or-
ganizational processes. The definition of PMS also varies in the literature and its usual
characteristics can be grouped into four categories: purpose of the system, performance
measures, activities, and structural characteristics.
OOT, OS, and PMO are three influential factors in project success. However, they are
not the main focus of this study since PMS brings a contribution with more impact on the
PM community.
PMO is an organizational entity responsible for coordinating and centralizing PM ac-
tivities. It is also responsible for generally supporting PM methodologies and leveraging the
PM culture across the organization, and is always supported by the top management [37].
Unfortunately, little research has been conducted on the relationship between PMO and
an organization’s PMS, or their influence on PMM, a fact that brings more value to this
research. Despite the time necessary to move from one maturity level to another, PMM
models associated with the business cycle model have practical and useful constructs to
help the PMO stay aligned with business needs and, as a consequence, accelerate the
organization’s PMM [38].
OS is an environmental factor in organizations and affects the culture, resource avail-
ability, and project team development. OS can be classified as “functional”, “matrix”,
or “project-based” [37]. It is widely recognized that organizational culture has an impact
on organizational and project performance [39]. OS also influences PMO deployments and
consolidation in PMM as a consequence [14,40,41].
Organizations can be divided into two broad categories: manufacturing and services,
posing unique challenges for the operation’s function. OOT is a variable that represents
these categories, consisting of a hypothesis of its correlation with PMM and project success,
and is yet to be tested. The literature reveals that it is rarely explored. The services
sector is expanding very rapidly, and the challenges for effective management differ from
the challenges manufacturing faces. The usual tools and techniques in manufacturing
organizations are suggested to be applied to those that are in the service sector [41].
Attribute OV Concepts
Information supply capability to contribute to knowledge and organizational behavior
Learning 7
management [31,32,34,42].
Information supply capability for a global performance evaluation to identify issues and
Evaluation 7
solutions [43,44].
Information supply capability according to different performance dimensions to allow a
Balancing 5
multidimensional perception of organizational behavior [31,34,45].
Information supply capability to use user-friendly indicators for all distinct users in different
Clarity 10
hierarchy levels for reliable decision making [40,45].
PMS capability to continuously monitor the external and internal organization environments for rapid
Agility 4
decision making [32,43].
Flexibility 6 PMS capability to adapt quickly to organizational changes [32,43].
PMS capability to monitor external and internal organization environments for detecting issues and
Monitoring 3
potential issues [32,43].
PMS capability to interact with the entire organization’s KPI, aligned with the strategies, tactics,
Integration 4
and operational targets [32,43].
PMS capability to use KPIs aligned to the organization’s strategy and process to have a clear
Alignment 7
perception of global performance [31,32,43,45].
Participation 5 PMS capability to allow stakeholders active participation in all project life cycles [32,34,46–48].
PMS capability to allow inter-relationships among all KPIs to facilitate understanding strategies to
Causal relationship 5
ramp up the expected business results [31,44,45].
number of predictors is larger than the number of observations. PLS also identifies a set of
latent variables (components) that capture the maximum covariance between the predictor
variables and response. Unlike PCA, PLS considers the relationship between the predictors
and responses, making it suitable for both regression and classification tasks. In addition,
PLS can handle situations with collinear predictors and works well when predictors have
complex interactions. In summary, PLS can handle multicollinearity, identify important
predictors, and model the relationship between the predictors and responses, making it a
versatile tool in various statistical analyses [51].
Metric Description
It calculates the average squared difference between the
predicted values and the actual values of the response variable.
Mean Squared Error (MSE)
It provides a measure of the average prediction error,
with smaller values indicating better predictive accuracy.
It is the square root of the MSE. It provides a measure of the
Root Mean Squared Error (RMSE) average prediction error in the original units of the response
variable, which can be more interpretable than MSE.
It calculates the average absolute difference between the
predicted values and the actual values. It measures the
Mean Absolute Error (MAE) average magnitude of the prediction errors without
considering their direction. Smaller MAE values indicate
better predictive accuracy.
It measures the proportion of the variance in the response
variable, which is explained by the predictor variables. In the
context of predictive accuracy, it indicates how much of the
R-squared (coefficient of determination)
variation in the response variable is captured by the model’s
predictions. Higher R-squared values indicate better
predictive accuracy.
It calculates the average percentage difference between the
predicted values and the actual values. It provides a measure
Mean Absolute Percentage Error (MAPE) of the average relative prediction error. MAPE is commonly
used when the magnitude of the errors is important
to consider.
These metrics are used to evaluate the performance of
classification models. Accuracy measures the proportion of
correctly classified instances, precision quantifies the
proportion of correctly predicted positive instances among all
Accuracy, Precision, Recall, F1-score (for classification problems) predicted positive instances, recall calculates the proportion of
correctly predicted positive instances among all actual positive
instances, and the F1-score is the harmonic mean of precision
and recall. Higher values for these metrics indicate better
predictive accuracy in classification tasks.
Figure 4 presents the line of business of the respondents. Information technology and
telecommunications are the leading lines, with almost 50%.
Most of the respondents had one to five years of experience in PM: 56%. Additionally,
24% of respondents had 6 to 10 years of experience, 15% had 11 to 20 years of experience,
and only 5% had more than 20 years of experience. The survey also investigated the
number of companies with existing and operating PMO, resulting in 52% positive, despite
92% of them being incipient, with less than five years of implementation. In terms of the
OS, the survey revealed 46% as functional; 23% in the weak matrix (without PMO); 21%
in the strong matrix (with PMO); and only 10% were project-based. Of the respondents’
occupations, 51% were project or functional managers, 21% were project coordinators or
leaders, 7% were operation directors, and there were 21% in other occupations.
explain 82% of the total variance in the data. An eigenvalue of 0.88 is associated with
one of the principal components and indicates the amount of conflict explained by that
component. A higher eigenvalue suggests a more significant contribution to the overall
conflict [54].
The resulting plot shown in Figure 6 visually represents the PLS coefficients for each
predictor variable, allowing for a quick comparison of their magnitudes. It can be further
customized by adjusting the labeling and colors or adding additional visual elements
based on the requirements. The standard coefficients correspond to the intensity and
influence of the respective predictor on PMM and project success. It can be observed that
the predictor OOT is negative and appears to be negligible and could be eliminated when
measuring PMM.
To achieve more robustness for OOT predictor elimination, the authors decided do use
dendrograms. They are hierarchical-tree-like structures commonly used in data analysis
and visualization to show the clustering relationships among objects or variables. They
have practical applications in various fields, as shown in Table 7.
Practice Description
Often constructed using hierarchical clustering algorithms, which iteratively merge or
Hierarchical clustering split clusters based on similarity or dissimilarity measures. Hierarchical clustering can
be agglomerative (bottom–up) or divisive (top–down).
Provide a visual representation of the clustering relationships among objects or
variables. Objects or variables are represented as leaves in the dendrogram,
Visualization of clustering relationships and branches indicate the merging or splitting of clusters at different levels of similarity
or dissimilarity. The height or length of the branches in the dendrogram represents the
magnitude of the dissimilarity or distance between the clusters being merged or split.
A distance or similarity measure is calculated to quantify the dissimilarity or similarity
between objects or variables. Common distance measures include Euclidean distance,
Distance or similarity measures Manhattan distance, or correlation-based distances. Similarity measures can be based
on cosine similarity, Pearson correlation coefficient, or other similarity metrics,
depending on the type of data and the research question.
Allows flexibility in choosing the desired number of clusters or groups by setting a
cut-off threshold. The cut-off threshold determines at which dissimilarity or distance
Cut-off threshold level the dendrogram is pruned, resulting in a specific number of clusters. Different
cut-off thresholds can lead to different numbers of clusters and, therefore, different
interpretations of the data.
Provide insights into the inherent structure and relationships in the data. They can aid
in identifying clusters or groups of similar objects or variables, detecting outliers,
Interpretation and analysis and assessing the stability of the clustering results. Dendrograms can also be used as a
basis for further analysis, such as identifying characteristics or patterns within specific
clusters or comparing clusters across different datasets.
Can be customized based on the specific needs and characteristics of the data. Various
visualization techniques, such as circular dendrograms or interactive dendrograms, can
Variations and customization be employed to enhance the representation and interpretation of the clustering
relationships. Additionally, color coding, labeling, and annotation can be used to
provide additional information or context within the dendrogram.
Dendrograms are powerful tools for exploring and visualizing clustering relationships
in data. They assist in understanding the hierarchical structure, identifying groups or
clusters, and guiding further analysis and interpretation in various domains. Figure 7
shows the dendrogram for PMM’s predictors.
Stats 2023, 6 881
Figure 7. Dendrogram for PMS, PMO, OS, and OOT Similarity Analysis (Software Minitab Ver-
sion 17).
In a dendrogram, the clustering and proximity of two similar variables can provide
insights into their relationship and similarity. When two similar variables are grouped
together in a dendrogram, this indicates that they have similar patterns or characteristics
based on the chosen distance or similarity measure [55].
The OS of manufacturing and services companies can have some similarities, as both
aim to efficiently manage resources, coordinate activities, and achieve organizational goals,
for instance, Functional Departments, Hierarchical Levels, Production or Service Delivery
Units, Cross-Functional Teams, Support Functions, Communication and Reporting Chan-
nels, and Decision-Making Authority. It is important to note that each organization may
have its unique structure based on its specific industry, size, culture, and strategic objectives.
The organizational structure should align with the company’s goals and operational needs,
and the external environment it operates [56].
Clustering is a popular unsupervised learning technique used to group similar data
points into clusters based on their characteristics or similarities. Various clustering methods
are available, each with strengths, weaknesses, and suitable use cases. Table 8 shows
common clustering methods and makes a comparison between them to justify the currently
chosen one.
If the number of clusters is known and the data have well-separated clusters, K-Means
is efficient and can be a good choice. If there is no prior knowledge of the number of
clusters and one wants to visualize the clustering process, hierarchical clustering might
be suitable. DBSCAN is useful when dealing with noisy data and clusters with arbitrary
shapes, but parameter tuning can be challenging. GMM is helpful when the data can be
modeled as a mixture of Gaussian distributions and soft clustering is desired. Mean shift is
useful when the number of clusters is not known beforehand and the data have irregular
shapes. Ultimately, the choice of the clustering method depends on the nature of your data,
the number of clusters you want to identify, and the specific requirements of your problem.
It is often a good idea to try multiple methods and compare their results to find the best fit
for your particular use case [57].
Stats 2023, 6 882
Aggregation and hierarchical clustering are two distinct approaches in data analysis
and pattern recognition. Aggregation involves combining individual data points based on
specific rules or criteria to create a simplified representation of the data. It is commonly
used in data mining, machine learning, and statistical analysis to reveal overall patterns or
trends. Aggregated data are useful for gaining insights into general trends. On the other
hand, hierarchical clustering builds a tree-like representation (dendrogram) of data points
based on their similarity. It creates a hierarchical structure of clusters, combining smaller
clusters into larger ones until all data points form a single cluster. The dendrogram allows
users to determine the appropriate number of clusters by cutting the tree at a specific level,
providing a more detailed understanding of the data’s hierarchical structure.
In summary, aggregation summarizes data points into a simplified representation,
while hierarchical clustering groups data points into nested clusters, revealing a more
detailed structure. The choice between these methods depends on the specific goals of
the analysis and the level of detail required to understand the underlying patterns in the
data [58].
Stats 2023, 6 883
The results of the negative magnitude of PLS predictor OOT standard coefficients
shown in Figure 6, the similarity with the predictor OS shown in Figure 7, and the practical
contextualization of OOT in PMM allow us to arrive at a conclusion to safely eliminate the
predictor OOT without any damage to the structure of any future PMM model.
With this decision, a new Residual Analysis was carried out to certify that the results
remained within acceptable limits, as presented in Figure 8.
Figure 8. Residual Data Analysis after OOT removal (Software Minitab Version 17).
Figure 9. Key predictors after OOT elimination (Software Minitab Version 17).
Despite the pandemic, this survey reveals an advance in PMM from 41% to 57% in
companies that combine traditional and new approaches to working by proposing all
possible methods to solve current problems, including methods that were effective in the
Stats 2023, 6 885
past, recently called gymnastic enterprise. Furthermore, despite the capital project cuts
during this adverse period, the original goals and business intentions were accomplished
due to the increase in project success rates. The drivers researched by PMI have shown that
companies are empowering their people to work smarter by mastering different ways of
working, such as agile, predictive, or hybrid approaches, or using a range of technologies.
The consequence is an increase in employee skills, which requires more investments in
leadership, communication, and business acumen competencies to sustain PMM and
project success rates.
It is statistically proven by the survey’s results that organizations from the services
and manufacturing sectors must invest in PMS to improve PMM and project success rates
not only in engineering projects but all kinds of projects.
The greater an organization’s PMM, the greater the positive impact on the project’s
overall performance and success [60]. This is positive, but this is not compatible with the
current and existing models in the literature. This suggests that models must change to suit
the reality of PM. For this purpose, it is strongly recommended that PMS be definitively
included as a dimension in PMM models [61].
PMS can still be divided into eleven dimensions and sixty-three observed variables,
allowing for another survey to be composed and to determine the individual influence
of each factor in PMM and project success, as well as defining new drivers for a future
revolutionary PMM model, carrying along with it a strong scientific contribution to the
PM community and the literature [34]. Agility is the watchword all over the world at the
moment, and it is one relevant dimension of the Figueiredo model. The question that will
soon come up is how can organizations progress in PMM or project success without an
active PMS in place? The present reality brings agility and high performance as key drivers
to propel project success in organizations, despite the fact that PMO and OS have also been
considered relevant factors to speed up PMM and project success.
PMMM reveals a lot of distinct conceptual bases, and most of them have no statistical
foundation. With new upcoming innovation fronts and enterprise ecosystems, PMMM is
being overlapped and rapidly discontinued unless the way of structuring them changes
immediately. In the literature, hybrid methodologies can be seen emerging soon, crossing
agile and waterfall approaches, which creates a real revolution in the project management
scenario. The authors’ survey results demonstrated a positive correlation with a p-value
range from 0.001 to 0.05 and correspondent high-intensity influence among Performance
Measurement Systems (PMSs), Project Management Offices (PMOs), and Organizational
Structures (OSs) as predictors for PMM and project success. As OOT was statistically
eliminated in this study, it adds a valuable piece of additional knowledge to the literature
and project management practices. The benefit of this point is the reduction in the number
of questions for future PMM models.
The PM world is changing so fast, and many different approaches are to come as arti-
ficial intelligence influences PM control and actions. Hybrid methodologies and several
lean initiatives are what leverage companies. The impact of technologies like artificial
intelligence will be high and in many ways, organizations will make changes to PM con-
cerning the variety of titles, executed through a variety of approaches, and unwaveringly
focused on delivering financial and societal value. This is the future, nominated “The
Project Economy”.
This research is limited to Brazilian companies and cannot be generalized for PM
programs and portfolio management. For future research related to PMM, it is recom-
mended to apply the Multi-Criteria Decision Analysis methodology to define the best
model for improving project success [28]. Finally, as suggested by one of the anonymous
reviewers, the authors began a new survey on PMM. Nevertheless, this will be the subject
of future work.
Stats 2023, 6 886
Abbreviations
The following abbreviations are used in this manuscript:
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