Essay About Intention Of Project Management And Important Factors

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The intention of project management should be that projects are achieved successfully by means of planning, co-operating and monitoring the complicated and volatile activities of projects. Lock (2007) the vital aim of a project manager should depend on the predictable schedule and budget to complete project in order to satisfy the projects sponsor and all stakeholders. Pinto (2009) there are three factors which affect project success or failure are: time, cost, and performance. The basic criterion of time is referred to a specified time frame to complete a project; the key criterion of cost is that all projects must be limited by a budgeted allowance; the third criterion of performance involve to how the outcome is supposed to achieve. In addition, these three constraints are often interactional each other. One way of deciding the project has succeeded or not is to consider: if every stakeholder could be satisfied, the project is successful Hartman (2000). However, there are kinds of elements that can lead to project failure, such as lack of strategy and poor management of scope, timescales, budget, resources and changing requirements. Furthermore, there exist important factors that excellent support of executive management, stakeholder management and user input in the course of implement, as well as communication skills and project specific skills are also necessary. The case studies below afford people lessons to recognize and avoid failure when we perform a project. It is important to analyze and explore that lessons are not only noted but should be learned from experiences otherwise projects will keep on failing.