Can Project Team Members’ Willingness to Disclose Past Performance During Procurement Improve Organizational Business Process Success?

Projects continue to fail approximately half the time, both before and after the COVID-19 pandemic. While prior studies highlight the influence of project leadership and individual competencies, little is known about whether team members’ willingness to disclose past performance can improve team allocation decisions and enhance business process success. However, we do not know if team members’ willingness to disclose their past performance may improve teamwork allocation in projects, thereby increasing business process success while reducing the likelihood of the project failing. We applied a rigorous post-positivist research design using correlation, conditioned correlation, t-tests, and ordinary least squares (OLS) linear regression to test the hypotheses. Controlling established predictors including budget, end user community size, and certification, we found that team members’ willingness to share their past performance evaluations significantly improved project success, increasing explained variance from 9.6% to 18.8%. The results indicate that transparency factors—specifically, willingness to share past performance—outweigh traditional resource allocation variables in predicting Fintech project outcomes, explaining an additional 19% of the variance in project success.