Project Performance and Critical Success Factors in Nigerian Upstream Oil and Gas Industry: Evidence Based on Sem Approach.

Abstract

The study is on the effect of critical success factors on project performance in Nigerian upstream oil and gas industry, Primary employed data on the set of latent/construct variables identified, the raw information is therefore processed by the researcher to obtain coefficients for each of the constructs. The result of the estimated cost maintains a positive and significant relationship with project performance. Further result shows that quality control also has a positive and significant impact on the project performance in the Nigerian upstream oil and gas industry. Based on the empirical findings of the study, it is recommended that the management of the Nigerian upstream oil and gas industry should initiate effective planning process with periodic assessment to ensure that projects are executed within a record time, and in estimating the costs of projects, inflation and exchange rate factors should be incorporated. The study also recommends the developing a framework for the effective management of CSFs in the industry. This framework should include guidelines for identifying, tracking, and monitoring the CSFs throughout the project lifecycle, establishing a culture of accountability among project teams, where individuals are responsible for ensuring that the CSFs are met, and that any issues or challenges that arise are addressed promptly.