Examination of project management methodology: Factors affecting the success of project firms in the construction sector

The construction sector is of great importance for the economies of countries around the world thanks to the added value and employment opportunities it provides, and it is one of the leading sectors for the economic activities in the world. Today, in the construction sector, in which the increasing competition has reached to international levels, the professional and effective use of Project Management ensures value to be gained in the global projects, and it makes a significant contribution to the sustainability of the presence in the construction sector. A construction project has an intense work capacity in all processes starting from the beginning to the completion of the project. Project management is becoming more difficult by the time, since the projects getting more complex in the construction sector that is progressing day by day, have a more comprehensive and complex structure. The competitive environment in the industry requires companies to carry out many projects simultaneously. Thus, making a good plan becomes a major necessity. Project management helps ensuring the realization of the project in line with the determined goals against all these risks and problems that may arise during the execution of the construction project. Effective use of project management methodologies provides success in terms of time, cost and quality performances in projects. Turning corporate talents into products, services and results without wasting any resource is only possible through a professional project management. The success of companies depends both on the determination of correct and realistic visions, the transformation of the determined visions into strategies and goals, and the transformation of the goals into projects and the execution of the projects in accordance with the professionalism required by the age in the light of scientific data. The use of project management processes and techniques constitutes a solid baseline in the realization of project goals and objectives. When Corporate Project Management can be transformed into a planned and organized methodology that is compatible with current trends, it leads projects to productive results. Given the complexity of the construction process and the need for different project stakeholders to work in sync, many factors should be carefully examined for a project to be successful. In this study, a detailed analysis has been made on the Project Management Methodology applied by the project companies in the construction sector. Besides, the effect of Project Management Criteria on the success of project companies in the construction sector has also been examined. Keywords: Project Management Methodology, Project Management, Project Success, Construction Industry