Project Management: How PM Relates to Success/Failure (Course Name)

This report examines the critical relationship between project management (PM) and project success or failure. It highlights the importance of PM techniques, including scheduling, cost management, and quality control, in achieving project goals. The report emphasizes that the selection and implementation of appropriate PM methodologies, such as Agile, Waterfall, and Six Sigma, are crucial for mitigating risks and ensuring project success. It also explores the benefits of effective PM, such as improved adaptability, streamlined processes, and enhanced client satisfaction. Conversely, the report underscores the negative impacts of poor PM, including increased risks, reduced quality, and higher probabilities of project failure. The report concludes by stressing the importance of selecting the correct PM approach to ensure a project's positive outcome and organizational success.

Question 3
[Name of Student]
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3. How PM relates to success a failure
The application of intensive process and approaches of Project Management techniques
within the project helps in developing a proper schedule, cost distribution and planning or
completion of the undertaken project. The success or failure of nay project depends on three
major factors: quality, time, and cost. Application of appropriate PM processes helps in
controlling the quality, scheduling the timeframe and managing the cost. Therefore;
inappropriate and ineffective of various PM processes often leads to project failure.
What happens to project? Would it lead to failure or success?
One of the major integral part of any project is determining the appropriate PM for
delivering the project. Kerzner, and Kerzner, (2017) claimed that different approach of PM helps
in enhancing the project performance. It is essential for the organization to select the most
appropriate and suitable PM to achieve the goals of project. Binder, (2016) showed that different
PM allows in identification and avoidance of several risks during the project implementation.
Several popular PM methods that are widely used in organizations includes Agile,
Waterfall, Six Simga, Scum and others depending on the types and requirement of the project.
Selection of inappropriate PM or skipping any step in the methods often leads to project
failure and critical risks within the project.
Benefits of implementing PM
The several benefits associated with the implementation of PM are illustrated in the
section below:
 Enables quick and easy adaptation to change even with constraint resource;

 Provides easy tracking and monitoring of all the processes in a structured and
methodological way;
 PM uses standard process that ensures that the goals and objectives of the project
are easily reached;
 PM ensures all the goals and clients expectation are met through the project thus
increasing the chance of project success and client satisfaction.
How it could impact on organization’s project?
PM includes various standardized techniques and methods that help in easy identification
of risk and smoother progress of project. Implementing the wrong PM in the project could be
harmful to the project success. If the appropriate PM process is not applied for the project, the
undertaken project is exposed to high risk, low quality and high probability of failure. The
application of poor PM processes negatively impacts the organization structure, functionalities,
operation and reputation associated with the project success.

References
Binder, J. (2016). Global project management: communication, collaboration and management
across borders. Routledge.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
.