Application of two stage factor analysis for identification of key determinants for successful project implementation in the industrial area of West Bengal (India)

This paper aims to identify Key determinants for successful Project Implementation in the state of West Bengal with special focus in the Durgapur Industrial area. The research is motivated by the fact that of late there has been limited success in Project Implementation in West Bengal which had earlier been very successful in Large scale project Implementation. Project related Professionals of the region were deliberated and interviewed. An objective realization instrument developed using 47 determinants identified in the research as possible drivers in Project implementation based on Likert's seven point scale of ranking. These 47 determinants were grouped into eight category or Factor group which are: Economic factors, External Environment and Regulatory Framework, Infrastructure and resource linkages, Project characteristics, Project management, Project Manager and Project team, Project stakeholders and Social factors. Based on the 72 respondent input to Objective Evaluation Questionnaire from each eight category two most critical determinants are selected through factor analysis. Total 16 Key Determinants were identified with which further second stage Factor analysis is done to identify the criticality and importance of each determinant. Also these determinants are extractor to form 5 components which determines the fate of any Project. So through this research, priority is also determined for the area and project manager based on priority can devote their time and energy to ensure that the Project is successfully completed. The customisation of Project planning and Project design has been the key determinant for successful project implementation.