Project Success requires mainly the following 5 Parameters to be looked into : -
1. Scope Clarity : The more clear the scope and specifications are Lower the Risks (Uncertainties).
2. Realistic Budgets : This is for Cost, Time and Quality related areas. If all the targets agreed and approved are Realistic and Achievable then they form a GOOD YARD stick for performance Measurement.
3. Execution : Skilled and Knowledgeable Work Team with an Attitude for continuous learning and improvement with well documented Execution Procedures in hand.
4. Good MIS : Considering the voluminous transactions occurring in larger projects, a good MIS is a must to track physical progress as well as cost (under various designated cost heads for better monitoring and control).Good MIS reduces Decision Making based on ASSUMPTIONS and rather rely on Sound FACTS!
5.Scope Verification : A good scope verification results in mutual agreement of deliverable by the Client eventually resulting in Formal Acceptance and Contract closure...
If all the above 5 Process are intact ... PROJECT SUCCESS ....!!!
1. Scope Clarity : The more clear the scope and specifications are Lower the Risks (Uncertainties).
2. Realistic Budgets : This is for Cost, Time and Quality related areas. If all the targets agreed and approved are Realistic and Achievable then they form a GOOD YARD stick for performance Measurement.
3. Execution : Skilled and Knowledgeable Work Team with an Attitude for continuous learning and improvement with well documented Execution Procedures in hand.
4. Good MIS : Considering the voluminous transactions occurring in larger projects, a good MIS is a must to track physical progress as well as cost (under various designated cost heads for better monitoring and control).Good MIS reduces Decision Making based on ASSUMPTIONS and rather rely on Sound FACTS!
5.Scope Verification : A good scope verification results in mutual agreement of deliverable by the Client eventually resulting in Formal Acceptance and Contract closure...
If all the above 5 Process are intact ... PROJECT SUCCESS ....!!!
Posts
Keep continue your information sharing. PMP Chennai
ReplyDelete