Abstract
Successfully implementing projects enhance operations efficiency and accelerate organizational growth. Given the limited organizational resources available, project funding is a critical decision to ensure the most appropriate projects are selected. Recent research suggests that a proposed projects target benefitsthose anticipated to be realized at project completionare important to consider when making decisions for project funding. Yet, the literature provides no measures to appraise the quality of target benefits. Consequently, sub-optimal projects are funded due to estimations errors, optimism bias, and strategic misrepresentation of target benefits. This paper presents four studies to develop and validate a new Quality of Target Benefits (QTB) scale consisting of three dimensions: specificity, attainability, and comprehensiveness. This scale can be used in organizations to objectively appraise a proposed projects target benefits and support an informed funding decision. It can also be used as an instrument to facilitate theory development in areas of operations management, decision making, goal setting, and performance measurement.
| Original language | English |
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| Title of host publication | Academy of Management Proceedings |
| Editors | John Humphreys |
| Place of Publication | New York, United States |
| Publisher | Academy of Management |
| Pages | 39pp |
| Edition | Peer Reviewed |
| DOIs | |
| Publication status | Published - 2015 |
| Event | Annual Meeting of the Academy of Management 2015 - Vancouver, Canada Duration: 1 Jan 2015 → … |
Conference
| Conference | Annual Meeting of the Academy of Management 2015 |
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| Period | 1/01/15 → … |
| Other | August 7-11 2015 |