Question 1 I. Name the four determinants of project success. 2. Using one senten

Question

Question 1 I. Name the four determinants of project success. 2. Using one sentence for each determinant, describe what 3. Using one sentence for each determinant, describe why 4. Using one paragraph, describe why it is important to each of these determinants is. each determinant is important. consider all four determinants together, when judging project success. Question 2 Using one paragraph, describe how projects are derived from strategic planning, and describe how projects should be tied to may refer to the diagram provided below: Mission Objectives StrategyGoalsPrograms Question 3 Describe how project control works, in terms of closed-loop feedback systems. Using project budget and schedule as an example describe the basic activities that must occur in order to exercise project monitoring and control.

Explanation / Answer

The four determinants of project success are as follows:

Importance: This is important because not meeting the schedule results in cost and unplanned delays that impact organization.

Importance: This is important as it is the purpose of a project to meet the technical performance standard that user wants otherwise there is no need of the project.

Importance: This is important from a business perspective as businesses run on profit and return on invested capital.

Important: This is important because in a competitive environment organizations must have capabilities to deal with upcoming future issues and opportunities.

All the four must be considered while considering the project success as they provide a balanced view of the project success. The all four provides comprehensive success criteria that are important from an organizational perspective consisting of both financial and non financial measures with focus on both customers and employees. Hence, it considers the need of all stakeholders.

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