Please help with a response to the below discussion post providing all references.

In my opinion, a successful project is one that meets its objectives while staying within the allocated timetable, budget, and quality requirements. It involves giving stakeholders the desired results and value. good planning, precise goals, good resource management, excellent communication, and the capacity to adapt and overcome obstacles are necessary for a project to be successful.

The Project Management Institute (PMI) defines a successful project as one that satisfies the needs and expectations of the client while adhering to the three constraints of scope, time, and cost. This is consistent with the definition I just gave. A successful project should also have a positive effect on the company, such as improved productivity, higher customer satisfaction levels, or increased competitiveness(Project Management Institute, n.d.) .

The Challenger Space Shuttle catastrophe in 1986 is one illustration of a well-known and substantial project failure. A space shuttle was supposed to be launched into orbit as part of the Challenger project, but tragically, the shuttle disintegrated 73 seconds after takeoff, killing all seven crew members.

There are a number of reasons why the Challenger project failed. One of the major contributing causes was the insufficient attention to safety issues. It turned out to be a serious error to proceed with the launch despite being aware of problems with the O-rings, which were in charge of sealing the joints in the solid rocket boosters. The shuttle's O-rings performed poorly due to the low temperatures on the day of launch, which caused a catastrophic failure(Howell, 2021) .

The Challenger project's failure served to emphasize how crucial it is for a project to have excellent communication and decision-making. The functioning of the O-rings in cold weather had been a concern for engineers, but decision-makers were not sufficiently informed of their worries(Howell, 2021) . The detection and resolving of important safety issues were hampered by the absence of open and transparent communication channels.

The failure of the project was also a result of organizational and management shortcomings within NASA. The issues voiced by the technical team were masked by the need to keep to the timeline and satisfy political and public expectations. This highlighted the importance of solid project governance, a culture that values safety, and strong leadership(Howell, 2021) .

Due to the loss of life and the project's failure to meet its goals, the Challenger project stands out as a clear example of a failed endeavor. It emphasizes the value of putting safety first, encouraging open communication, and making sure that decisions are supported by solid technical and scientific analyses. This disastrous failure led NASA to make significant modifications to its organizational culture, safety procedures, and project management methods(Howell, 2021). On the other side, there are a number of circumstances that can lead to a project's failure. Project failure is frequently caused by inadequate project planning, poor stakeholder participation, ineffective communication, a lack of qualified resources, and scope creep. Project failure can also be caused by unrealistic expectations, inadequate risk management, and poor project monitoring and control(Shaker,2010).

Howell, E. (2021, January 28). The lessons learned from the fatal Challenger shuttle disaster echo at NASA 35 years on. Space.com. https://www.space.com/space-shuttle-challenger-disaster-35th-anniversary-2021

Project Management Institute. (n.d.). Best practices for effective project management. Retrieved from https://www.pmi.org/learning/library/best-practices-effective-project-management-8922

Shaker, K. (2010). Why do projects really fail?PM Network, 24(7), 20-21.