Critical Success Factors and Additional Factors for Successful Project Management
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This paper discusses the critical success factors and additional factors apart from those attributed to the triple constraints that are acknowledged as relevant key aspects in information technology success of project management.
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Running head: PROJECT MANAGEMENT1 Project Management Student’s Name Institutional Affiliation
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PROJECT MANAGEMENT2 Project Management Introduction Historically project success has been described as a project that is able to realize its set goals, which means that the project is completed on budget, on time and meets the quality standards asked for by the customer (Alias, Zawawi, Yusof, & Aris, 2014). On the same note, the success of a project indicate that certain prospects for a specified client have been entirely met. In this sense, project success is a measure of the effectiveness levels of a project that is success is a measure of the project’s deliverables in terms of satisfaction to stakeholders and benefits. According toKerzner and Kerzner (2017), critical success factors (CSFs) are essential inputs to practices of project management that directly or indirectly influence the success of projects. In light of this statement, this paper will discuss the critical success factors as well as additional factors apart from those attributed to the tripe constraints that are acknowledgedasrelevantkeyaspectsininformationtechnologysuccessofproject management. Critical Success Factors and Additional Factors for Successful Project All projects are performed based on specific constraints, which are traditionally scope, cost, and time. These three aspects are commonly referred to as “the triple constraints” that are illustrated as a triangle. In this essence, the three constraints work to ensure that a project is accomplished within costs, delivered on time, and it has to meet the set scope as well as satisfying the client quality requirements. Nonetheless, research has shown that there areseveraldecisions,whichoughttobeputintoconsiderationduringtheproject management process and the decisions have to be made in the initial stage of the project design. This is significant in the sense that early decisions in the inception of the project have a substantial influence on the practices of project management compared to when the
PROJECT MANAGEMENT3 decisions are made later during the development of the project.Flyvbjerg and Budzier (2011) argue that if project managers do not consider the criteria that are likely to impact the set project goals in the initial phase of the project it can result in failure of the project. In accordance toBloch, Blumberg, and Laartz (2012)critical success should be determined during the initial phase of a project because they give the project a competitive edge, which forms the basis toward realizing the project success. Importantly, identifying the critical success factors early enough help to give rise to satisfied customers. On the other hand, successful project management not only rely upon the triple constraints, but it also depends on other factors such as the stakeholder management strategy apart from concentrating solely on scheduling and budget. In addition to that other elements include mastering project content and technology by safeguarding a critical interior and peripheraltalent;establishmentofeffectiveprojectteamsthatareinlinewiththeir motivations with the general project goals and excellence at the pivotal project management activities like rigorous quality checks and short delivery cycles (Todorović, Petrović, Mihić, Obradović, & Bushuyev, 2015). Research shows that failure to understand these additional aspects of project management can result to project failure that comes because of cost overrunsandpoorperformance.Ithasbeenfoundthatinformationtechnology(IT) inventiveness rarely put stakeholders and strategy into consideration and only manage projects based on schedule and budget targets. Nevertheless, leading projects work by developing a clear outline that comprises strategic value initiatives, which goes past technical content. Indeed, establishing a comprehensive business case as well as upholding focus on business goals in line with the project timeline, it is effective teams to avert cost overruns. Mastery of technology and content also play a vital role in project success. Studies have shown that disproportionate focus on technological matters and targets are the cause of project failure. Nevertheless, it is critical to draw on the help of experts, which involves high-
PROJECT MANAGEMENT4 performing teams in technical components of the projects like quality assurance, project scope, functionality trade-offs, and It infrastructure and architecture. On the same note, successful projects are built on effective teams (Flyvbjerg, & Budzier, 2011). In order to be active and at the same time maintain efficiency, project teams are required to have a shared vision and high-performance culture. In this essence, effective teams often have a shared incentive structure, whose trajectory is aligned with the whole project objectives. Conclusion To conclude, the success of project management not only depend upon the triple triangleelements,butitalso dependonotheraspectssuch assmartplanning,open communication,carefulriskmanagement,andunderstandingtheprojectbottomline. Extensive preparation is critical in project management because it helps in setting up the project for success from the start. Planning is significant since it allows teams to remain organised, understand the direction in which the project is heading to and how to meet deadlines (De Carvalho, Patah, & De Souza Bido, 2015). Consequently, the process keeps the teams on track and focussed, which keep the stakeholders informed about the project progress. Contribution 1 Indeed, the core aspects that define the success of any project is cost, scope and time. On top of that, other factors influence IT project success include skilled project leader, mastery of IT technology avoiding black swans and inclusive decision making. A skilled project manager plays a key role to ensure the project plan is well defined and in line with the project goals (Alias, Zawawi, Yusof, & Aris, 2014). The project leader defines all the deliverables alongside the tasks to the project team. The mastery of IT helps in the integrating of various project parts and scheduling of different activities using software applications such
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PROJECT MANAGEMENT5 as Excel and Microsoft Project software to determine the timeline for the project. The project should also include all parties in making decisions for the project. A collective agreement regarding the goals of a project works to make sure that all project teams operate on the same page (Elbashir, Collier, Sutton, Davern, & Leech, 2013). Certainly, inclusive decisions making allow project members to understand their input toward the project. The agreement helps the project as a whole to understand the problem that the project intends to solve, which means that all projects will be aware of the end results of the project and the needs that the project will accomplish. Contribution 2 Currently, the success of projects is vital to the survival and success of many companies. The success of a project means that it has to satisfy the client’s demands, delivered on time, in accordance to the set budget and of high quality. In this sense, the triple constraints as well as additional aspects such as effective communication, highly skilled project teams and well-designed risk management determine project success. Communication is the back born of all successful projects (Bloch,Blumberg, & Laartz, 2012). Through effective communication between the project team associates, stakeholders and project sponsor help them to be at per with the project goals and the direction in which the project should head to for the project to succeed. Effective communication decline misunderstanding among project members, which allow them to easily reach to a consensus regarding the project plan. Similarly, project success depend on the skills of the project team. Therefore, the project team should be highly skilled to provide their best toward the project success. On the other hand, many project fail due to the ignorance of project leaders regarding risk management. A successful project require a good risk management (Majeed, 2018). Risk management is a good approach to prevent the occurrence of negative project risks.
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PROJECT MANAGEMENT7 References Bloch, M., Blumberg, S., & Laartz, J., (2012). Delivering large-scale IT projects on time, on budget, and value.Harvard Business Review, 2-7. De Carvalho, M. M., Patah, L. A., & de Souza Bido, D. (2015). Project management and its effectsonprojectsuccess:Cross-countryandcross-industry comparisons.International Journal of Project Management,33(7), 1509-1522. Flyvbjerg, B., & Budzier, A., (2011). Perché un progetto IT può essere più rischioso di quanto si creda (Why Your IT Project May Be Riskier than You Think). Kerzner,H.,&Kerzner,H.R.,(2017).Projectmanagement:asystemsapproachto planning, scheduling, and controlling.New York: John Wiley & Sons. Todorović, M. L., Petrović, D. Č., Mihić, M. M., Obradović, V. L., & Bushuyev, S. D. (2015). Project success analysis framework: A knowledge-based approach in project management.International Journal of Project Management,33(4), 772-783. Elbashir, M.Z., Collier, P.A., Sutton, S.G., Davern, M.J. & Leech, S.A. (2013). Enhancing the business value of business intelligence: the role of shared knowledge and assimilation J. Inf. Syst., 27(2), 87-105. Alias, Z., Zawawi, E.M.A., Yusof, K. & Aris, N.M. (2014). Determining Critical Success Factors of Project Management practice: a conceptual framework. Social and Behavioral Sciences, 152, 61-64. Majeed, M. (2018). Risk Management: an Important Part of Project Management. Retrieved from https://project-management.com/risk-management-an-important-part-of-project- management/
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