What would be a proper response to the below post?

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Project success can be viewed as the benefits realization that comes about from delivering something of value to an organization. What constitutes value for a firm can vary greatly depending on the type of organization and its stakeholders. Stakeholder success is measured as a combination of sponsor, client, and team satisfaction within a project (Gemino et al., 2020). Success factors within a project are often viewed regarding adherence to scope, schedule, and cost. Still, a successful project will regularly be judged by whether organizational objectives within the project charter have been achieved (Bannerman, 2008).

Projects are essential for many for-profit businesses going through digital transformation or responding to market demands for continual innovation. For example, a consumer products company may look to develop a marketing campaign for a new product, or a software company may work to build a new app to be released before a competitor.

Non-profits may view project success by social good achievements that bring awareness to an important cause, such as environmental health or safety issues. An excellent example of this could be the tobaccofreekids.org campaign that seeks to prevent the use of tobacco products by minors.

A government might view project success as providing relief to citizens suffering from a natural disaster or the completion of a critical infrastructure project. The U.S. Treasury Department maintains a Capital Projects Fund that regularly disperses grants to state governments to support large improvement projects. In 2023, the fund announced awards of approximately $186 million to Delaware to construct and upgrade multi-purpose community facilities and to Idaho to increase access to affordable, high-speed internet (U.S. Department of the Treasury, 2023).

Lastly, an international environment could view successful projects in terms of achievements delivered as a result of reaching a new consumer base or a partnership beyond national borders. Perhaps this may include an endeavor by a multinational corporation to establish a global franchise program or maybe a partnership between two countries working together to clean up an oil spill.

References

Bannerman, P. L. (2008). Defining project success: a multilevel framework. Project Management Institute. https://www.pmi.org/learning/library/defining-project-success-multilevel-framework-7096Links to an external site.

Gemino, A., Horner Reich, B., & Serrador, P. M. (2021). Agile, traditional, and hybrid approaches to project success: is hybrid a poor second choice? Project Management Journal, 52(2), 161-175. https://doi-org.csuglobal.idm.oclc.org/10.1177/8756972820973082Links to an external site.

U.S. Department of the Treasury. (2023). Capital Projects Fund. https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments/capital-projects-fundLinks to an external site.