The Strategy of Improving Project Management Using Indicator Measurement Factor Analysis (IMF) Method

Abstract

Abstract POAC is the de facto international standard that has been universally accepted as the theory behind successful execution of project management and implementation. Many however do not possess the know-how of correctly implementing POAC in project management. Often confused with the variety of available applications, time consuming to explore and often requiring to prepare big budgets to purchase the required tools. In this study, a new method called IMF (Indicator Measurement Factor Analysis) is proposed. IMF is a simple, low cost implementation tools that facilitate effective POAC control monitoring and implementation in project management. Not only that, the IMF is simple to use and produce effective results in harbouring communication, collaboration, critical thinking, competition, and creativity of teamwork. A collection of information from various feature of IMF is discussed, and the satisfaction level of users are collected and analysed. These data can be used to accurately predict the importance of IMF in POAC implementation, and hence encourage wide acceptance among prospective users in various different fields.