Risk management (RM) and project success (PS) of electrical power transmission and distribution systems: the moderation role of human resource management

Abstract

Purpose This study aims to examine the moderation role of human resource management (HRM) in the relationship between risk management and project success of electrical power transmission and distribution systems. Design/methodology/approach A questionnaire was used to collect data from the electrical companies of Pakistan. A 100 professionals working in power sector companies took part in it. To analyze the impact, correlation analysis and linear regression analyses have been performed using IBM SPSS V-22®. Findings The linear regression results obtained the significant impact of risk management on project success (p < 0.05). The moderated regression represented a change in the percentage variation (R2) that is 0.463 without moderating effect and it increased to 0.528 after including human resource (HR) moderator indicating a moderating effect of HRM. Research limitations/implications Because of the theoretical significance of growing awareness about the importance of HRM and development, this study has significant practical implications. This study can be implemented practically to support the business strategies of the organization and HR competency and engineering will contribute in shaping those business strategies as well. Originality/value This study provides evidence on the impact of HRM on project success as a moderating variable with risk management. The study shows the increment in the ratio of project success in the electrical sector of Pakistan. This research provides the importance of HRM functions in the electrical sector of Pakistan.