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Critical Factors in the Success and Failure of Projects

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Added on  2020-02-05

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There are different factors which can help in getting appropriate success in completing Dambek project in an effective manner (Zwikael, 2009). Appropriate involvement of each and every team members in different activities of business expansion project will help in completing the project effectively. Appropriate support of management is required for managing different activities of business expansion project of Dambek in a successful way (Top 10 Main Causes of Project Failure, 2015).

Critical Factors in the Success and Failure of Projects

   Added on 2020-02-05

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Critical Factors in the Success and Failure of Projects: APersonal Observation on Theory and Practice In Relation Tothe Dambek Project1| P a g e
Critical Factors in the Success and Failure of Projects_1
Project management means application of knowledge, skills, tools and techniques formanaging a specific project for completing precise goals and objectives. Managing each andevery activity of project is very complex task for every business organizations (Greasley, 2007).But, still successful completion of a project is one of the major requirements of any projection.But there are number of factors which may create a situation of success and failure of a projectplan. The current essay is based on a business expansion project of Dambek. This organizationwants to start a retail network of 40-50 branches in UK. So, the current essay will comprisecritical evaluation of success and failure of a project.There are different factors which can help in getting appropriate success in completingDambek project in an effective manner (Zwikael, 2009). Appropriate involvement of each andevery team members in different activities of business expansion project will help in completingthe project effectively. As per the case study, Dambek wants to hire a project managementconsultant which will manage the entire project in an effective manner. But, at the time ofplanning and implementation of project, Dambek needs to involve in every tasks. It will help incompleting each activity on time and as per the requirements of Dambek. Therefore,involvement of Dambek is one of the important factors for getting success in the future. But onthe other hand, if there is no involvement of Dambek in project management tasks than it willnegatively affect project planning and final deliverables of the project. Therefore, inappropriateinvolvement of user is the main factor behind the project failure (Smith, Bruyns and Evans,2011).Appropriate support of management is required for managing different activities ofbusiness expansion project of Dambek in a successful way (Top 10 Main Causes of ProjectFailure, 2015). Top management of organization needs to communicate goals and objectives ofthe organization to project management consultancy in an effective manner. In addition,management of the Dambek will take number of decisions for expanding its retail network inUK. Therefore, it is a major factor which plays important role in attaining success. In contrast tothis, lack of support of management at the time of project management increases probability ofproject failure (Kumaraswamy, 2011). It can increase the chance of inappropriate planning ofentire project. Lack of support of top management can create a communication gap which willlead to decline the overall performance of Dambek project.2| P a g e
Critical Factors in the Success and Failure of Projects_2
Business expansion project will require number of resources for completing each andevery task (Wallnöfer and Hacklin, 2012). These include time, cost, human resources andmoney. So, before starting any project, management of the organization will develop anappropriate statement for all requirements. It is required for making arrangement for futureimplementation. Along with this, clear statement of requirements is significant for accomplishingevery task in an effective manner. Therefore, for getting success in future managementconsultancy of Dambek is required to focus on clear statement of all requirement of theorganization (Knapp and et.al, 2010). But, on the other hand, if project manager is not capableenough to identity the major requirements of the project than it may affect entire project plan aswell as it can create a situation of lack of resources. Due to the lack of resources, projectmanager cannot complete every activity on time. Therefore, it can be considered as one of themajor factors of project failure.Proper planning of business expansion project of Dambek is required for successfulcompletion of project (Hobbs, 2009). Planning focuses on goals, objectives and deliverables ofDambek’s project. In addition, proper planning of entire project is important for determiningdifferent problems associated with the project. Along with this, planning helps in determiningdifferent risks associated with the project by which project manager of Dambek can takeappropriate actions to resolve these issues effectively. Overall, proper planning is considered asan important factor for getting future success in this project (Levy, 2009). On contrast,inappropriate planning of project can negatively influence scope, goals and objectives ofDambek’s project. Along with this, project manager cannot complete different procedures in aneffective manner. Therefore, inappropriate planning of project is considered as a factor whichleads to project failure. For developing proper plan, management consultant of Dambekorganization needs to use appropriate methodology of project management such as Prince2, etc.(Project Management Challenge, 2016). Overall, project planning is one of the major factorbehind the success and failure. Realistic expectations and estimations are important requirements of project becausewithout it project manager will not know about the project completion time. It helps indetermining the duration requirement of the project as well as it plays important role indeveloping future plan for this project. Including this, estimation of budget and cost of projectare also considered as an important requirement of this project. It is beneficial for completing3| P a g e
Critical Factors in the Success and Failure of Projects_3

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