Success can mean different things to everyone. For example, if you completed the tasks you set out for your day, then that most likely means a success to you. So what makes a project successful? Is a project successful by answering yes to any of the below questions?
- Does the project meet the established time and budget criteria?
- What beneficial impact does this project have on the customer?
- Has the project meet its return on investment?
- Has the project altered the infrastructure of the organization to increase future business success and customer impact?
- Is it simply enough just to the complete the project?
Main Four Items that are Success Measures with the Ability to Complete the Project:
- According to the desired specifications outlined in the project plan
- Within the specified budget
- Within the promised time frame
- Maintain keeping the customer and stakeholders happy
Importance to Measuring Success
- If you cannot measure the SMART goal, you cannot control it, but which if you can’t control it, you cannot manage it.
- Ability to assess the current performance to monitor and control the project to make sure the project object is met on time, within budget, and to the satisfaction of stakeholders
- Adjust any project initiatives during the project to take action sooner, rather than later
- Set goals to achieve an objective
- Ability to anticipate any potential deviation that needs to be corrected
- Is the quality of the product the project is delivery up to expectations
- Improved quality of communication by keeping everyone informed, on track, and involved in the project
Tools to Help You Measure Project Success:
- Give a survey to the stakeholders in a project to see what feedback you receive
- Have a lessons learned session
- Complete a SWOT analysis on each element of the project (Strengths, Weaknesses, Opportunities, and Threats)
- Project Budget Comparison between the beginning and the end of the project
- Project Schedule: Was the project completed on time?
- Project Scope Outcome how the stakeholders expected?
- End-user opinions of the project
What other tools do you use to measure a successful project?