This article aims at presenting the results that were found in the design and implementation of a new management model of Critical Success Factors for improving the effects of research projects. The model was based on the theory of structural equations derived from factor analyses and multiple linear regression models. For achieving the purpose, the authors developed an empirical evidence analysis founded on a literature review in the knowledge area of project management. Afterwards, the process of identification of the CSFs was carried out for a group of research projects launched in Colombia as a result of the application and measurement of an instrument. They were the basis for the development of a structural relationship modeling. Also, this contributed to determine the CSFs that explain the generation of effects of research projects, and the project management execution process from which it can be carried out based on said measurement indicators.