Factors Impacting Success Rate of Project Implementations
1 like79 views
The document discusses factors influencing the successful implementation of contemporary projects, highlighting the definitions of projects and project management. Successful implementation is defined as achieving an optimal balance between time, cost, and scope, guided by client or customer satisfaction. Furthermore, it outlines the importance of project quality and the inevitable trade-offs between these three key attributes.
Factors Impacting Success Rate of Project Implementations
- 1. Factors Affecting Successful Implementation Of Contemporary Projects Defining Successful Implementation of a Project Factors promoting or inhibiting the successful implementation of contemporary Published by: https://expertassignmenthelp.com/ Filename: 1SAMPLE16C33-Successful-Implementation-of-project.PDF For more free samples visit: https://expertassignmenthelp.com/project-management-assignment-help/ Uploaded: April 26, 2016 Enjoy Abstract Everyday around us we listen about the success or failures of various projects. Defense projects, construction projects, IT projects, environmental projects, etc. are just some of the types of projects that we come across in our daily life. But before talking about projects and project management, we must first understand what a project is. A project is defined as an impermanent endeavor that is carried out to aim one or more unique outputs. The outputs can be of the form of products or service. The process of planning, strategizing, designing, implementing and monitoring a project is defined as Project Management. A project is also defined into four phases, each representing in a chronological order of its life cycle. There are several factors that have a crucial role in determining the accomplishment or failure of the implementation of a project. But before doing that, we must have a clear understanding about the definition of successful implementation of a project. A successful implementation of project is defined as the quality achievement of optimum balance between some specific attributes. Time, cost and scope of the project are some of these attribute. If the project achieves an optimum balance between these three attributes, then the project is said to be successful and successfully implemented (Larson, Modern Project Management, 2014). However, in reality there is always a trade-off between these three features of a project. It is the quality of project implementation that decides the effectiveness of balance between these three attributes. Achievement of these attributes should be always from the perspective of client or customer. It is the client or the customer who must be satisfied with the output of the project.