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Contracts Manager
Project failure can be defined as; a project that has not delivered what was required in line with the pre-agreed expectations. Projects delivered delayed to Contract Completion Date, Overrun in cost (Losses incurred) consequently not delivering a project to the following criteria will lead to the project being described as a failure; Within budget To the required quality requirements On schedule Achieving the benefits presented in the business case In line with expectations
The last criterion above is perhaps the least clear to assess of the five. This is due to the fact that expectations are based on how the project is perceived by the various stakeholders. For example one stakeholder may expect that the project exceeds budget and consequently if this is not achieved but all the other criteria are met, the perception of that particular stakeholder may be that the project is a failure
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Conclusion
Many projects end successfully, but many also fail. The majority end up somewhere between the two. Often we miss a key deliverable, exceed a deadline or budget and do not fully meet customer expectations. For a project to be successful, its not enough to simply manage your project competently and deliver a quality product. Following the five steps as outlined below prior to the commencement of the project will minimise the possibility of failure; 1. Set goals & deliverable Early. Before the project commences, it is essential to agree on the project definition, scope and plan. Ensure all of the Stakeholders are fully aware of; 2. Frequently reviewing the goals & the targets ex. Budgets & Deadlines. 3. know the Scope, Set the Methodology of execution & precise the Re-sources you need 4. Define understand the Stakeholder expectation of the Project 5. Create the Plan, Schedule of Works, and Track the Progress closely
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