EXAMINING THE CRITICAL SUCCESS FACTORS FOR THE EFFICIENCY OF GREEN ENERGY PROJECTS

In recent times, there has been a remarkable exponential interest in green energy projects, driven by their potential to significantly decrease greenhouse gas (GHG) emissions and reduce reliance on fossil fuels. However, such high-tech projects' complexity, expensiveness, and high uncertainty level necessitate new ways of increasing efficiency. Therefore, this study, with its clear aim to evaluate the efficiency of green energy projects and identify the critical success factors that can enhance efficiency, remains a compelling and relevant research endeavour. The study employed a rigorous methodology, using multilinear regression analysis to survey 123 project managers from Kazakhstan. This allowed for a comprehensive comparison of the efficiency level of green energy projects and low-tech projects. Research results show that green energy projects exhibit the highest percentage of schedule overrun at 23.9% and cost overrun at 32.7%, indicating substantial delays in project completion and extra expenses in budget compared with low-tech projects. Moreover, green energy projects show the least favourable results (7.3) regarding technological performance. The study reveals the following critical success processes enhancing project efficiency: project planning, scope and cost management, communication, and team management. Based on the processes of the Project Management Body of Knowledge (PMBoK) Guide, an algorithm for managing green energy projects was developed. This tool equips project managers with a process-based map, enabling them to run their projects effectively and enhance their efficiency.