Team capabilities and project success: The medianting role of the governance framework

How a project team's ability to learn and adapt (absorptive capacity) impacts project success, with the governance framework acting as a mediator variable. Presentation is based on a research study (PhD Thesis) focusing on oil and gas capital projects in Brazil. The study utilizes Agency Theory and the concept of projects as temporary organizations. Data from a survey of 173 project management professionals was analyzed using Partial Least Squares. Results show that both absorptive capacity and effective project governance significantly influence project success. This study contributes by examining how these factors interact within the context of oil and gas capital projects, providing guidances to develop an Effective Capital Project Control System to integrate the governance framework of the permanent sponsor organization.