An interpretive structural model for project planning and success

For any commercial project the primary responsibility of the project management is to plan and execute the project in such a way that it completes on time, utilises resources optimally, meets stakeholders´ requirements, and has some future potential. Project planning is considered to play a significant role in the achievement of such goals. This paper attempts to identify the critical success factors of projects, with special reference to heating, ventilation and air-conditioning (HVAC) projects in and around New Delhi, and develop a structural model of relationships among those factors and between the factors of project planning and success. Interpretive structural modelling (ISM) technique has been used to arrive at the model. This model is expected to provide project managers with an appropriate approach of planning and executing their projects successfully.