Influence of Effective Reward Systems on Agile Project Success in the IT Industry

Doctoral Thesis / Dissertation , 2024 , 67 Pages , Grade: A

Business economics - Project Management

The primary aim of the research is to explore the impact of efficient “reward systems” on “agile project” achievement in the “Information Technology” (IT) industry.

Team-based reward systems are considered as systems of rewards and incentives that inspire team members to collaborate towards shared goals. When the members of the team are able to attain their set objectives, then they are rewarded. In situations when the members of the team fail to attain their set objectives, then they do not receive rewards.

This is a qualitative study that involved the application of “Systematic literature review” (SLR) framework; this framework is vital based on the aspect that it enables the researcher to determine, assess as well as interpret existing study from other investigators or researchers that are suitable to a precise study question or area of focus.
Implication: The findings of the study possess practical value as they provide a basis for improving the team's effectiveness and project success in agile IT projects. Through exposure to the influence of performance systems on team members' motivation, performance, and satisfaction, the study may provoke project managers and IT companies to optimize and improve their project results.

Team-based reward systems are essential in agile projects as they enhance collaboration and communication. Rewarding a group of individuals for their collaborative efforts increase their willingness to improve their collaborative prowess. This has a positive impact on their communication, as with enhanced collaboration, their communication also enhances. The systems also up-surge inspiration and engagement; implementing a reward system that recognizes team contributions can improve employee motivation, job satisfaction, and loyalty.

Inhaltsverzeichnis (Table of Contents)

• Abstract
• CHAPTER 1: INTRODUCTION
• 1.0 Background and Context
• 1.1 Problem Statement
• 1.3 Research Questions
• 1.4 Aims
• 1.5 Objectives
• 1.6 Scope and Limitations
• Scope
• Limitations
• 1.7 Study's significance
• 1.8 Structure of the Study
• 1.9 Conclusion
• CHAPTER 2: RESEARCH METHODOLOGY
• 2.0 Introduction
• 2.1 "The Research Onion"
• 2.2 Research Philosophy
• 2.3 Research Approach
• 2.4 Strategy
• 2.5 Research Framework
• 2.6 Planning the Review
• 2.7 Conducting the Review
• 2.8 Reporting the Review
• 2.9 Search Strategy
• 2.9.1 Selection Criteria
• 2.9.2 Inclusion Criteria
• 2.9.3 Exclusion Criteria
• 2.9.4 Selection Procedure
• 2.9.5 Quality Assessment
• 2.9.6 Data Analysis and Synthesis
• 2.9.6 Conclusion
• CHAPTER 3: LITERATURE REVIEW
• 3.0 Introduction
• 3.1 Effective reward systems and various types
• 3.4 Designing a Team-Based Reward System
• 3.5 Motivators influencing the efficiency and commitment of employees of agile teams
• 3.6 Impacts of Team-Based Rewards systems in agile projects
• 3.7 Conclusion
• CHAPTER 4: RESULTS AND ANALYSIS
• 4.0 Introduction
• 4.1 Publishing Statistics
• 4.2 Thematic Analysis
• 4.3 Effective reward systems
• 4.4 Analysis of the process involved designing a Team-Based Reward System Process
• 4.5 Tentative Hypothesis Generation
• Hypothesis 1
• 4.6 Conclusion
• CHAPTER 5: DISCUSSION
• 5.0 Introduction
• 5.1 Team-based reward systems
• 5.2 Designing a Team-Based Reward System
• 5.3 Motivators influencing the efficiency and commitment of employees of agile teams
• 5.4 Impacts of Team-Based Rewards systems in agile projects
• 5.5 Conclusion
• CHAPTER 6: CONCLUSION AND RECOMMENDATIONS
• 5.1 Conclusion
• 5.2 Recommendations
• References

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This research aims to investigate the influence of effective reward systems on agile project success within the IT industry. The study utilizes a systematic literature review methodology to analyze existing research and explore the impact of different reward system types on project outcomes.

• The effectiveness of team-based reward systems in enhancing collaboration and communication within agile projects.
• The role of reward systems in motivating team members and improving their performance and job satisfaction.
• The process of designing and implementing effective team-based reward systems tailored to the specific needs of agile projects.
• The relationship between reward systems and the efficiency and commitment of employees in agile teams.
• The impact of reward systems on project success, including improved collaboration, communication, motivation, and overall performance.

Zusammenfassung der Kapitel (Chapter Summaries)

The study commences with an introduction that provides context and outlines the research problem, questions, aims, objectives, scope, limitations, significance, and structure. Chapter 2 delves into the research methodology, detailing the research onion, philosophy, approach, strategy, framework, review planning and conduct, reporting, search strategy, and data analysis. Chapter 3 offers a comprehensive literature review, examining various types of reward systems, the design of team-based systems, motivators influencing agile team performance, and the impacts of team-based rewards on agile projects. Chapter 4 presents the results and analysis of the research, encompassing publication statistics, thematic analysis, an exploration of effective reward systems, and a detailed analysis of the team-based reward system design process. Chapter 5 engages in a discussion of the findings, further analyzing the role of team-based reward systems, their design, motivators, and impact on agile project success.

Schlüsselwörter (Keywords)

The primary keywords and focus topics explored in this research encompass team-based reward systems, agile project success, IT industry, performance motivation, and the impact of reward systems on team collaboration, communication, and job satisfaction. The study examines various types of reward systems, including goal-based, discretionary, gain-sharing, and merit-based systems. The research delves into the design and implementation of team-based reward systems and analyzes their influence on employee motivation, performance, and project outcomes within the context of agile projects.

• College: University of Edinburgh (University of Edinburgh)
• Course: Project Management
• Grade: A
• Author: Nicholas Odwar (Author)
• Publication Year: 2024
• Pages: 67
• Catalog Number: V1490555
• ISBN (PDF): 9783389048016
• ISBN (Book): 9783389048023
• Language: English
• Tags: Reward systems; Goal-based rewards; Discretionary rewards; Gain-sharing system; Merit-Based Rewards; Agile projects