STOCHASTIC PROJECT-MANAGEMENT (SPM) PRACTICES IN HONG-KONG AND THE PEARL RIVER DELTA AREA - A SURVEY

This paper is a culmination of studies emanating from a survey which h as been conducted into the current practices of stochastic project man agement among organizations within Hong Kong and the Pearl River Delta (PRD) zone of the Peoples' Republic of China (PRC). The study was pro mpted by the need to identify the concomitant stochastic variables whi ch impinge upon successful project performances in Hong Kong in partic ular, and the Pearl River Delta area in general, as a prelude towards developing a suitable computer integrated stochastic project managemen t methodology encompassing the key variables as identified. In additio n, the study also sought to explore some of the project success barrie rs which the respondents had encountered individually and collectively during the course of the performance of a project which they had rece ntly completed either in Hong Kong or in the PRD, in terms of various parameters such as access to appropriate computer tools (hardware and software), the computer literacy level of the project managers, and th e impact of other emerging technologies. One of the notable outcomes o f this study is that the most significant stochastic variables influen cing project management success among the 62 respondents involved in t he survey are the resources - personal, equipment, materials, funds, e tc. - utilised. This leads one to adduce that the factor of resources sharing between a number of activities play a significant role in proj ect performance success in Hong Kong and the PRD. In this paper, these and other results emanating from the study are presented, discussed a nd some inferences and/or implications for the development of a cohere nt and pragmatic stochastic project management methodology are drawn.