Project Success Criteria And Success Factors In The Case Of Projects Financed By Development Bank Of Ethiopia
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Date
2018-12
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Addis Ababa University
Abstract
The banking industry is one of the largest investments in Ethiopia. As per the objective of establishment, banks could be categorized in to commercial and developmental. Development Bank of Ethiopia is a specialized government bank established to spur the national development agenda where the government employs huge amount of fund in different government selected priority areas in order to derive the economy in all dimensions parallel with the Growth and Transformation Plan of the country. The bank has drawn a vision to secure 100% success on all projects financed by the bank by 2020. However, it’s’ impossible to find a document and reference how success criteria and factors are defined in the context of the bank. The high number of non performing loan and recovery rate is a direct implication of project failures. The failure suggests the existence of underlying critical success criteria and factors which have not been identified. This study assesses the perceptions of directors, team managers, engineers and loan officers as to how the project success criteria and factors are important for project success in the context of projects financed by the bank. As per the model developed by Morteza and Kamyar (2009) and conceptual framework of sub sections developed from different literatures, the perception of the staffs of Development Bank of Ethiopia is tested against project success criteria and success factors in the context of the projects financed by the bank. A total of 75 questionnaires distributed for directors, team managers, engineers and loan officers who engage from the inception to closure of projects financed by the bank at different levels in the head quarter of the bank where the lion’s share of Bank’s investment is made. The findings reveal that the target sample; directors, team managers and loan officers strongly support the identified critical success criteria and factors in achieving project success. There was no significant difference in their perception of project success criteria and success factors. The recommendations presented may be used as a guideline for successful execution of projects financed by the bank.
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Keywords
Project Success factors, Project Success Criteria, Development Bank of Ethiopia