Key Factors That Determine Project Success and Failure
It is very important for the writer to understand that this will be an ongoing paper and for this week he/she
will only be submitting a high level-level summary or potential topics. The information below is just to
guide the writer to understand what will be expected of the paper later next week when he begins written
the paper. It is also important for the writer to take into consideration that for the topic for the doctoral
study will be �Effects of Human Resource practices on employee performance�. With this in mind the
writer will be able to select potential research topics as noted above in the first paragraph of this order
form.
KEY FACTORS THAT DETERMINE PROJECT SUCCESS AND FAILURE
Introduction
It is essential to determine the fact that success remains the ultimate goal of every project.
Extensive research studies have been developed with the aim of establishing the key factors that
are essential in determining project success and failure (Allen, Alleyne, Farmer, McRae, &
Turner, 2014). This therefore gives an empirical understanding that the project management
process remains a complex element that requires an extensive and collective attention of several
aspects of human, technical and budgetary variables.
Additionally, projects hold specialized critical success factors that if carefully addressed,
improves the likelihood of successful implementation. This paper therefore seeks to develop a
research topic that identifies the factors that may lead to the success or failure of a project (Allen,
ert.al .2014). Considering the fact that it is a conceptual paper, a framework that identifies the
factors that drive success within a project will be reviewed. This framework will therefore be
tested empirically through the use of data from several industries.
Research Topic
The use of project management approaches has over time raised to prominence, a factor that has
seen projects viewed as critical to the economic growth or several industries. The rationale behind the rise
of project management is typically attributed to the changes that occur due to new challenging
environments and opportunities that are brought by technological developments, the dynamic market
conditions, the shifting boundaries of knowledge, changes in environmental regulations, increase in
customer involvement and the increase in scope of the inter organizational relationships (Besteiro,
Souza, & Novaski, 2015).
KEY FACTORS THAT DETERMINE PROJECT SUCCESS AND FAILURE
Several businesses today are operating under a higher level of uncertainty, with project
implementation bound to several external influences, the ever growing requirements, unexpected events
and the fluctuations in resource flows. This clearly indicates that in an event where projects are applied
and some steps are not taken into consideration in managing them effectively and efficiently, the
probability of their failure remains high (Cao, & Swierczek, 2010). Several research studies have noted
and identified the common problems that are associated with the management of projects. Some of the
problems identified include the lack of project management skills, poorly defined objectives, insufficient
resources, high staff turnovers, poor follow up approaches and insufficient authority given to project
managers.
As determined, it is therefore crucial to determine that the emerging importance o9f projects and
the widespread initiation of projects within organizations in multiple sectors remains the key driving force
in a research that seeks to determine the factors that influence the success of a project (Todorović,
Mitrović, & Bjelica, 2013). This therefore makes it essential to determine the factors that contribute to
the success or failure in the implementation of a project and to identify the elements that remain relative
in the life cycle of a project. This study will therefore emphasis and provide an analysis into the following
research topic;
- What are the key factors that contribute to the success and failure of a project in the
manufacturing sector? - What are some of the criteria’s that can be utilized in measuring the success or failure of
a project within the manufacturing industry?
Conclusion
It is therefore imperative to determine that this study will determine the factors that are key in the
success and failure of a project (Todorović, et.al. 2013). The rationale behind the rise of project
KEY FACTORS THAT DETERMINE PROJECT SUCCESS AND FAILURE
management is typically attributed to the changes that occur due to new challenging environments and
opportunities that are brought by technological developments, the dynamic market conditions, the shifting
boundaries of knowledge, changes in environmental regulations, increase in customer involvement and
the increase in scope of the inter organizational relationships.
KEY FACTORS THAT DETERMINE PROJECT SUCCESS AND FAILURE
References
Allen, M., Alleyne, D., Farmer, C., McRae, A., & Turner, C. (2014). A Framework for Project
Success. Journal of Information Technology & Economic Development, 5(2), 1-17.
Besteiro, É. C., de Souza Pinto, J., & Novaski, O. (2015). Success Factors in Project
Management. Business Management Dynamics, 4(9), 19-34.
Cao Hao, T., & Swierczek, F. W. (2010). Critical success factors in project management:
implication from Vietnam. Asia Pacific Business Review, 16(4), 567-589.
Todorović, M., Mitrović, Z., & Bjelica, D. (2013). Measuring Project Success in Project-
Oriented Organizations. Management (1820-0222), (68), 41-48.
