Definitions of project success can vary according to the circumstances and stakeholder viewpoint. A clear definition of expected project success, translated in terms of project objectives, is however essential at the outset to ensure that actual performance can be compared to expectations. In our new White Paper [2022-12] ‘How to Measure Success for a Project’, we review different possible definitions and how they can be combined to support performance target definition.

Project success can be defined in multiple ways depending on the viewpoint, and success factors can often be contradictory. Definition of project success thus requires the usage of balanced scorecards to be established as a reference set of targets. Key stakeholders, including key suppliers, should be aligned on the most important objectives. In addition, a clear prioritisation of success factors needs to be defined at the outset to drive decision-making when the project is faced with evolving circumstances. Final evaluation of project success compared to initial expectations is also not straightforward as circumstances and markets may have changed significantly in the meantime, but it remains a useful exercise for continuous improvement of the decision-making process.

Read our new White Paper [2022-12] ‘How to Measure Success for a Project’ to understand better how to define a project success balanced scorecard.

If you can’t access the link to the white paper, copy and paste the following link in your browser: https://www.projectvaluedelivery.com/_library/2022-12_different_measures_project_success_v1.pdf