External and internal factors that influence the success or failure of projects will be identified and
clustered. The importance of each factor identified varies by organisation and project type. Organising
the termination process is in particular important when it has failed, because of the long-standing impact
on future projects as well as the organisation’s image. Including project team members in the termination
process will increase their commitment and loyalty, especially to the organisation and to future projects.
A post-audit report will be prepared at the end of a project that summarises the project and provides
recommendations on possible project approaches for similar tasks in the future. In a final step, as a
project is terminated or completed it is important that senior management recognises and rewards the
contributions of the project team.
Several factors have direct influences on the usability of a planned or running project. All factors usually
fall into one of the following categories. During the life of a project, the steering committee and the
project management must examine these critical factors continually to ensure that it can still realise the
initially set goals.3
Technology: The technological track of the project can have a major influence on its chance of success.
steering committee and the project management must be able to value the technological path so that
they can:
a) measure the progress of the project;
b) have a general idea of when breakthroughs can be expected;
c) not become disappointed when the rapidity of development appears slow.
Organisation: Organisational factors that can influence the practicability of a project include internal
competition, executive support and the company’s strategy. Internal competition, especially in critical
situations like access to important funding or resources, will affect the project team’s motivation. Also, as
the number of projects increases, the more likely it is that one of them will end in failure. This mirrows
a natural development of management support. Maintaining management’s support in some projects is
likely to be the single most important factor in influencing the success or failure of a project. Another
factor extremely important is the compatibility of the project with the corporation’s strategy. A project
that no longer fits with the organisation’s objectives is usually dedicated to be terminated.
Market forces: The competition has a strong influence on the viability of new or planned projects. The
value of a project can be reduced by the sudden availability of alternatives or competing technological
innovations. Continuing to fund an outdated project can be avoided by maintaining communication
between the marketing, manufacturing, and R&D departments
External and internal factors that influence the success or failure of projects will be identified andclustered. The importance of each factor identified varies by organisation and project type. Organisingthe termination process is in particular important when it has failed, because of the long-standing impacton future projects as well as the organisation’s image. Including project team members in the terminationprocess will increase their commitment and loyalty, especially to the organisation and to future projects.A post-audit report will be prepared at the end of a project that summarises the project and providesrecommendations on possible project approaches for similar tasks in the future. In a final step, as aproject is terminated or completed it is important that senior management recognises and rewards thecontributions of the project team.Several factors have direct influences on the usability of a planned or running project. All factors usuallyfall into one of the following categories. During the life of a project, the steering committee and theproject management must examine these critical factors continually to ensure that it can still realise theinitially set goals.3Technology: The technological track of the project can have a major influence on its chance of success.steering committee and the project management must be able to value the technological path so thatthey can:a) measure the progress of the project;b) have a general idea of when breakthroughs can be expected;c) not become disappointed when the rapidity of development appears slow.Organisation: Organisational factors that can influence the practicability of a project include internalcompetition, executive support and the company’s strategy. Internal competition, especially in criticalsituations like access to important funding or resources, will affect the project team’s motivation. Also, asthe number of projects increases, the more likely it is that one of them will end in failure. This mirrowsa natural development of management support. Maintaining management’s support in some projects islikely to be the single most important factor in influencing the success or failure of a project. Anotherfactor extremely important is the compatibility of the project with the corporation’s strategy. A projectthat no longer fits with the organisation’s objectives is usually dedicated to be terminated.Market forces: The competition has a strong influence on the viability of new or planned projects. Thevalue of a project can be reduced by the sudden availability of alternatives or competing technologicalinnovations. Continuing to fund an outdated project can be avoided by maintaining communicationbetween the marketing, manufacturing, and R&D departments
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