Authors : Cristian Rincon-Guio, William Navarro Parra and Oscar Jaramillo Castano
Abstract: This study describes the success of projects financed with general system royalty resources between 2012 and 2017 in the State of Huila, Colombia. Additionally, it shows the landscape of public investment through project execution. A retrospective observational descriptive study was performed and the source of information was a national database called Monitoring, Checking, Control and Evaluation System (SMSCE), the study took into account only approved projects within the period of study as well as their sector application, cost, size, contracts, implementation phases, execution times and objectives achieved. There was found to be a low success rate of projects as just 50% were completed satisfactorily, according to the iron triangle model (the most frequently unmet criteria was cost). Furthermore, a direct association between contracts, cost and number of projects finished was found. This information can be useful for future strategies and interventions for public projects.
Cristian Rincon-Guio, William Navarro Parra and Oscar Jaramillo Castano, 2018. Successful Projects Executed with Public Resources in a Southern Region of Colombia. International Business Management, 12: 447-453.