Regression analysisFive independent variables which are project related factors (FRO), leadership/manager related factors (FRL), team member related factors ( FRT), project organization factors (FRPO), and environment factors (FRE) are regressed with four dependent KPIs which are iron triangle, organizational benefits, information system benefits, and stakeholder benefits. Out of five, four independent variables show association with at least one dependent variable, the independent factor showing no association was FRE. The significant results obtained at p< 0.10 of multiple regressions are shown in Table 3. The adjusted r² values ​​indicate the change in the dependent variable represented by the change in the independent variables. Changes in the iron triangle 34.9%, organizational benefits 37.1%, information system benefits 43.1% and 26.9% as explained by the independent variables. When regression coefficients were applied to develop the regression equation, we obtain the following equations: Iron Triangle = -29.20 + 6.426* FRP + 6.557*FRTOrganizational Benefits = 1.479 + 0.283* FRLBenefit Informational System = 0.913 + 0.313 *FRT + 0.250* FRPOSstakeholder benefits = 1.806 + 0.249*FRPDependent variables having more than one association were checked for the relative importance of the independent variable through β weights. In the Iron Triangle, FRTs (β=0.306) have comparatively higher importance than FRPs (β=0.253). In the benefits information system, FRT (β=0.329) has more importance than FRPO (β=0.256). The results of the multiple regressions suggest that the developed model is statistically valid and has the potential for subsequent development for use. ...... middle of paper ...... Management Journal, vol 28, no. 2.Toor, SU- & Ogunlana, SO 2009, 'Beyond the 'iron triangle': stakeholder perceptions of key performance indicators (KPIs) for large-scale public sector development projects', International Journal of Project Management. Warchol, J & Amadi -Echendu, J 2007, 'Critical success factors for capital brownfield and renovation projects', SA Journal of Industrial Engineering, vol 18, no. 1, pp. 107-116.Westerveld, E 2003, 'The project excellence model: linking success criteria and critical success factors', International Journal of Project Management, vol 21, pp. 411-418.White, D & Fortune, J 2002, 'Current practices in project management: an empirical study', International Journal of Project Management, vol 20, pp. 1-11.Wit, AD 1988, 'Measuring project success', International Journal of Project Management, vol 6, no. 3, pages. 164-170.