A study on the effect of Integrated Project Management Maturity (IPMM) application on project performance: Focused on the manufacturing equipment industry

A study on the effect of Integrated Project Management Maturity (IPMM) application on project performance: Focused on the manufacturing equipment industry

In recent years, the term VUCA (Volatility, Uncertified, Complexity, Ambiguity) is frequently used to refer to changes in the business environment (Nathan & James, 2014). Companies in this VUCA environment are finding and applying various operating methods to improve performance, but there are many difficulties in successful implementation. Above all, as a new hybrid work type continues due to COVID-19, which has been rampant around the world since the end of 2019, the difficulty in managing schedules for managers is increasing. In this study, the influence and factors of the integrated PM maturity of the manufacturing equipment industry project execution company on the manufacturing equipment manufacturing project performance were analyzed. For the analysis, consistent data were obtained through a questionnaire targeting people with experience and those engaged in the manufacturing equipment business, and a hypothesis was established and verified by reflecting psychological stability as a parameter. Multiple regression analysis was performed by applying control variables (gender, age, tenure, educational background). As a result, it was verified that a sense of psychological safety is a mediating effect of the integrated PM maturity (IPMM) on the achievement of project performance based on the Balanced Performance Indicator (BSC). Therefore, improving the level of a sense of psychological safety has been shown to be an important factor in improving the project performance of manufacturing equipment.