The project team members believe that serving on the project team was a valuable experience for them. The project stakeholders are happy with the way the project was managed, and the results that have been produced. The project results have been delivered to the customer who sees the project as having an ‘‘appropriate fit’’ with the mission, objectives, and goals of the enterprise.
The overall project results have been accomplished on time and within.The project work packages have been accomplished on time and within budget.Nevertheless, there are some general standards used in judging whether a project is a success or a failure: 1.1.3 The meaning of project success or failure may vary depending on the period in the life cycle when the determination is made.
The subjective nature of a determination of project success or failure makes it challenging to develop objective measures of success or failure.
Because of a project’s ambiguities, a determination of relative success or failure may be difficult to determine. A contractor who lost a bid to do work for the project could consider the project a failure. A supplier who has provided substantial resources to the project may consider the project a success. A project team member who gains valuable experience on the project team may consider the project a success. With the results that had been expected might be judged a success by the user. A project that has overrun cost and schedule goals but provides the user.Any use is subject to the Terms of Use as given at the website. Project success and failure may be perceived differently by different project stakeholders: 1.1 Downloaded from Digital Engineering Library McGraw-Hill (Copyright © 2004 The McGraw-Hill Companies. Determining success or failure requires that performance standards be developed on the project, which can be compared to the results that are being produced. However, if the project results are acceptable to the user, then overrun of costs and schedule may be tolerated. Project failure is a condition that exists when the project results have not been delivered as was expected. The word ‘‘failure’’ describes the condition or fact of not achieving the expected end results. In the project management context, the word ‘‘success’’ is used in the context of achieving something desirable, planned, or attempted-that is, the delivery of the project results on time, within budget, and having an operational or ‘‘strategic fit’’ with the enterprise’s mission, objectives, and goals. The words ‘‘success’’ and ‘‘failure’’, like the word ‘‘beauty’’, are in the eyes of the beholder. Looking ahead and determining those actions that contribute to success or failure can often avoid adverse outcomes. Success or failure is determined by the measures applied for evaluating the project when it is complete. It is important to be able to anticipate whether a project will be either a success or failure. Source: PROJECT MANAGER’S PORTABLE HANDBOOK
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