Project Success: Importance of Project Management and Key Factors

Running Head: PROJECT SUCCESS 1
PROJECT MANAGEMENT
STUDENT’S NAME
COURSE
UNIVERSITY
DATE

PROJECT SUCCESS 2
Executive summary
Project management is very crucial because it brings about the desired change in the organization
and society. The success of any project relies on the competence of the project team and
effective planning. The four Project Management Life Cycle processes should be adhered to
accordingly by the project team for the success of the project. The triple constraints should also
be adhered to for the success of the project because the time, scope and cost are important.

PROJECT SUCCESS 3
Table of Contents
Introduction...............................................................................................................................................3
The concept of project management........................................................................................................3
Features of a successful project................................................................................................................4
Causes of project success..........................................................................................................................6
5 Project Management Life Cycle (PMLC) Processes............................................................................8
The triple constraint................................................................................................................................10
Techniques used in time management in a project...............................................................................11
Conclusion................................................................................................................................................13
References................................................................................................................................................13
Introduction
A project refers to a series of activities that have a distinct beginning and a different end. This
essay shall focus on various aspects of successful project management. The success of any
project relies heavily on the efficiency of the project management team (Barbalho, da Silva & de
Toledo, 2017). The essay also outlines the Project Management Life Cycle process in project
management, together with the triple constraints factors that are very crucial in managing
successful projects.

PROJECT SUCCESS 4
The concept of project management.
Projects refer to human activities that bring about the desired change in a given environmental
setting within a given period (Cagliano, Grimaldi & Rafele, 2015). Projects usually have a
different scope and involve various resources in the achievement of the stipulated goals and
objectives. Project management can be defined as the process of guiding the project from its
genesis to the end through effective management of people and resources to enhance the
achievement of the established goals and objectives. It involves the application of specialized
knowledge and skills using various tools and techniques to meet the needs of various
stakeholders for the project (Eskerod & Jepsen, 2016). Project management can also be defined
as the application of various technical skills in planning and controlling of various activities and
resources required for the project both from within and outside the organization for the
accomplishment of the specific objectives set for the project. The purpose of project management
is to enhance the practical completion of the project with the available resources.
Features of a successful project
According to Kaiser, El Arbi & Ahlemann (2015), the following are the features of a successful
project:
Timely completion