The relationship between human capital and time performance in project management: A path analysis

This paper uses a causal path model to measure the relationship between project management human capital (PMHC) and project time performance. Human capital is an established branch of economic theory concerned with the value embodied in the firm’s human resources. Project managers’ knowledge and experience are considered important in determining project outcomes and these facets are assessed using a human capital framework. The path analysis confirms the central research hypothesis that performance will improve with increased investment in human capital. The results are significant because they confirm that the education and training of project managers is important in influencing the time delivery of construction projects.