Topic > Success and Failure Factors in Project Management

In this literature review, the discussion is about project management success/failure. The business model of the industry has undergone many changes in recent years and so has the major role played by technology in this industry. In this literature review we will briefly explain the various reasons for project management success and failure and also identify the main issues related to project management, organizations or clients driving the project. Also, what is the role played by seniors, managers and stakeholders for the overall management of the project and the risk factors taken into consideration during project level processing. Project Management Success and Failure Factors: Project Management Success Factors: Project management is the technical tools, applied to a wide range of activities to meet the requirements of a particular project. Project management helps organizations by standardizing routine tasks and reducing the number of potentially forgettable tasks. The researchers suggested that projects should be rated as successful when they are completed on or near the estimated schedule and budget and produce an acceptable level of performance. (MAHANEY ,R,&LEDERER,A 2011)• Commitment to the client: It is essential to understand the client's equipment to deliver the project on time with all specific requirements.• Proper project planning: The plan must be prepared with all the required details, including during the design process and its phases. The details should be clear and individual actions for the implementation of the project. • Executive Support: This is the most important factor where it is clear that executive manager support should be more important with… middle of paper… . Problem causing project management project. The result is poor design and development. Proper Training: If a new person joins the project without proper training, the project will fail. Proper training is the most important task in project management so that you can solve some technical problems. Resource Management: If we are planning a project we should be familiar with the entire project. Projects are mostly affected by risks and unplanned events. Not using the correct methodology: Any type of project requires a minimum methodology to determine the process, responsibilities in the company, roles and much more. Evaluation techniques: In recent years we can see drastic changes in information and communication technologies, but we have some technical problems. To overcome the problem, we are using some of the latest success factors so that we can fix some failed projects.