Posts Tagged ‘Project Success’
INTRODUCTION TO EPC CONTRACTS Part 3
Part 1 of this series discussed the basics of EPC contracts. Part 2 underscored the need for project key personnel to read and understand contract scope and terms and conditions. This piece discusses contracts as a risk management strategy.
Read MoreCRITICAL SUCCESS FACTOR PART 1
Some projects fail even before they can start because the seeds of success had not been sown right from inception. Starting today, I begin to discuss the factors that must be present for a project to succeed and achieve its objectives. These are the critical success factors. Critical success factors are elements that are necessary…
Read More737 MAX 8 AND THE DEFINITION OF PROJECT SUCCESS
I have been a staunch advocate of separation of project success from business success – the success of the product or deliverable of the project. I’ve taken that position because many other factors, beyond the control of the project team, may determine business success. Nevertheless, I think that the project management community needs to seriously…
Read MoreEffective Communication – Key to Project Success
Evidences abound that effective communication is key to project success. The Project Management Institute (PMI), for example, recognizes communication as one of the knowledge areas necessary for project management success. It also outlines the role communication plays in each project phase and what form it needs to take.
Read MoreImprove Planning, Improve Project Success
Various studies have identified planning as one of the critical success factors in the project management; improving planning improves project success. Thus, high-quality planning improves project execution resulting in project success. Many studies and project management experts attest to this fact.
Read MoreSTAKEHOLDER BEHAVIOR LESSONS FROM THE UNITED NATIONS
Discerning observers of events in both the United Nations General Assembly and the Security Council would realise that they can learn a lot about stakeholder behaviours and how to manage them. For instance, many have watched with dismay how it has been very difficult for the two bodies to achieve unanimity of opinions on very…
Read MorePROJECT STAKEHOLDERS MANAGEMENT: EMERGING CHALLENGES
Our world may never have seen so many conflicts – socio-economic, geo-political and sectarian – at any one time in its history as it does today. These have led to changes in the project environment, with attendant complexity, making the definition, identification and management of project stakeholders a herculean task.For instance, the 5th Edition of…
Read MoreGoal Setting Lessons from the Project Management Profession Part 3 – Accountability Partnership
I do not know about you, but I have been part of some successful project teams. There is that special feeling of accomplishment and fulfilment, when the final project document is signed off, or when the facilities you have helped to build is finally started up and they run successful. It is a moment of…
Read MoreWHEN IS A PROJECT SUCCESSFUL?
Was your last project successful? Is the current one likely to be successful? What makes a project successful? Why should you be bothered with such a question? After all, you have completed the project and handed it over to the end user, and he appears to be happy with it. As a contractor, whether an…
Read MoreEARLY WARNING SIGNS OF PROJECT TROUBLES OBSERVABLE AT KICK-OFF MEETINGS
It is often said that nobody goes out looking for trouble. That may be true. But sometimes you must go out looking, not just for trouble, but for signs that trouble may be lying ahead. This applies, particularly to projects. We can often tell, even from the Kick-off Meeting (KOM), if the project is headed…
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