Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The traditional parameters for measuring project success are if it finished on time, on budget and in line with its specification. Although important, these relate

The traditional parameters for measuring project success are if it finished on time, on budget and in line with its specification. Although important, these relate mainly to the execution stage of a project, which is the period of most direct interest to the project manager and the principal contractor. Other people, not least the customer, might have quite different views about the ultimate outcome. A customer who finds a project doesn't deliver its expected return on investment may see the result as a failure. Other stakeholders might have their own, quite different, perspectives such as whether the project helped them meet other wider goals or needs. A project can only be considered completely successful if it satisfies all the stakeholders. satisfying the needs of different stakeholders is rarely achievable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring The Hospitality Industry

Authors: John R Walker

2nd Edition

013243766X, 9780132437660

More Books

Students also viewed these General Management questions