Answered step by step
Verified Expert Solution
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. Finishing on time, budget and to specification means a project is successful
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started