5 Factors of Successful and Unsuccessful Projects in Business

Some projects are achieved on-budget/on-schedule,hunted' look that tells everyone that things are not
others are howling successes, some die a slow death,going well.
and others simply implode or explode. Quite the4. Changing Scope: Successful - the business
spectrum when you look at it. Unfortunately, the lastrequirements are fully documented, signed off and
two are more common than the first two. So whatbase lined at the start of the project, with internal
really causes that slow death or that noisy bang?agreement on how scope changes will be handled, i.e.
Well, in order to clearly identify the causes, one firstwith proper change control procedures; Unsuccessful
has to know what clearly causes the successes.- business requirements are incomplete, are not base
1. Executive Support: Successful - project supportlined, changes enter in and the PM, wanting to be
from executives is visible, strong and CONSTANT;'approved' by everyone, lets them happen without
Unsuccessful - executive support might appear to bedocumenting the impact to cost, time, etc. Changes
strong at the beginning but is not maintained and ifto the project scope can cause overruns on cost and
the project gets into trouble, the executive startsschedule, and 9 out of 10 times leads to a bad ending
pointing the big gun at the Project Manager.for everyone.
2. Stakeholder Involvement: Successful - all5. Project Resources: Successful - resources are
stakeholders are identified, consulted and involved allavailable (although they are usually spread out over
throughout the project; Unsuccessful - stakeholderthe organization), functional managers of the
list is incomplete, they are consulted at the beginning,resources are aware of the project and are willing to
but that slowly fades away, and the project doeshelp the PM as needed, the resources assigned know
not deliver what is really wanted.they are needed and are ready; Unsuccessful - not
3. Risks: Successful - project risks input is obtainedenough resources at the beginning of the project (or
from many sources/stakeholders because thenot fully qualified resources), the PM is stretched thin
Project Manager needs different viewpoints andeither fighting to get the right resources or hoping
perspectives on what the risks are - could lead tothat the existing resources will be up to the challenge
hundreds of risks at first, but is paired down throughand won't run into major issues.
the review process; Unsuccessful - only the sponsorWhile there are a wide variety of other causes for
and the project team are consulted about risks andsuccess/failure, the five areas listed above should
the risk register (list) is small (i.e. 20-30 tops). Thehelp to flag the potholes along the way. Stay sharp
project misses risks, has major issues and the PMand good hunting!
ends up walking around the office with that 'I'm being