SITUATION:Many years ago, as a young project manager, I asked a vice president in my company, "What is the definition of success on my project?" He responded, "The only definition in this company is meeting the target profit margin in the contract." I then asked him, "Does our customer have the same definition of success?"

Discuss how the definition of project success has changed in recent years. In addition, discuss the challenges of differing definitions of project success between the sponsors and the project manager/team.