Project Success, Cost And Quality

2019 Words9 Pages
Project success During 1970s success focused on time, cost and quality, which were the main factors for a project to be considered as successful. The following decades 1980s and 1990s there was a move towards the view of the project in relation to client’s organization. This had as result the production of a list of Critical Success Factors, which showed the importance of how Project Managers and Project Team perceived success. During 1990s and 2000s the Critical Success Factors were developed and the involvement of internal and external stakeholders was identified as important to the success of the project. Nowadays, the term success tends to focus more on stakeholders and project life cycle goals. In addition to this, the role of the…show more content…
Finally (ref4) argues that there are new success factors, which appear and have an essential role in project success such as safety and environment as a result of a research investigating CSF from the perspective of the contractors, who have a significant role in the project. Stakeholders and clients Stakeholders are often considered as they who have an interest in a project. However, this definition includes those who have no impact on the definition phase of a project hence in terms of project management stakeholders are they who can influence a project not only inside the construction process but also outside this process. The former are a subsystem of a project’s system and the latter are part of the environment of the project. The stakeholders who belong to the environment of the project can affect the early stages and the important phase of project definition, which makes their management of great importance. Other powerful stakeholders are member of the client’s environment and ask influence indirectly to the project through the client. Financial institutions and funding bodies could be considered as this kind of stakeholders (Walker). Winch argues that stakeholders are those who have benefits or losses as a result of a project and classifies the stakeholders to two categories: the internal and the external stakeholders. The internal stakeholders are separated in two parts: the demand side, which is constituted by the client’s
Open Document