Let me start with a few notes and clarifications. We define megaprojects as massive projects with capital costs around US$1 billion and a high level of complexity. Industrial megaprojects seem to perform better than infrastructure megaprojects. However, at best, what we have seen reported is a 35% success rate on the high end and as low as 0.5% on the questionable end. We do question the 0.5%, although it is reported by a reputable source. We also know that many organizations do follow a stage-gate process and might have project management systems. Then, why more projects fail than succeed? The response requires an analysis of the root causes. Next, the challenge is on finding a tailored approach for leading megaprojects concept to success. SUKAD has such an approach; therefore, it makes sense to write about it.Continue reading
Are you a holder of the CAPM®, PMP®, or other certifications and still have some uncertainties about how to manage projects effectively? You are not alone! Many studies (Standish Group CHAOS Report, Independent Projects Analysis, Oxford Universities …) show that most projects still fail or are challenged. Despite the fact that IPMA, PMI, and other associations existed for about 50 years we still generate a high level of failed projects. Continue reading
We had published this article in the past on a different platform and we republish here for its importance.
One in six major IT projects go 200% over budget – Knowledge Centre – ITP.net. This is an article published by ITP Publications By Mark Sutton Published August 27, 2011. However, the article actually reflect a study that was published in the September 2011 issue of HBR. Continue reading
This is the fourth and last article in a four-article series on the subject of project success. Article 1 was mostly an introduction to the subject; article 2 was explaining the four dimensions; article 3 provided an example, real case study, and this article, compares the application of this concept to PMBOK® Guide.
In November of 2012, the author was invited as one of the keynote speakers at the PMI Lebanon Chapter first annual conference, we chose this subject – but the presentation time was about 25 minutes only. The audience was a mix of experienced professionals, students, managers, project managers, and PMPs. Continue reading
This is the third article in a four-article series on the subject of project success. Article 1 was mostly an introduction to the subject; article 2 was explaining the four dimensions, and this article provides an example, real case study.
Usually in our classes, such as the Introduction to Project Management, we have the class participants’ work on real projects from their work environment. This is beneficial since the participants can readily relate the learning and apply it, starting from the class, especially when the course is about a project management methodology. Continue reading
This is the second article in a four-article series on the subject of project success.
In the previous article, we stated that we are discussing project success,
- From an organizational perspective; not individuals, and
- From the owner perspective; not the service provider.
With the above in mind, what are the four dimensions? Continue reading
We had originally published this post more than a year ago on our old blog platform. We re-publish an updated version here through a short series of articles. We will also provide links to a chapter from an upcoming book by the author and a presentation on the subject. The links will be with the last article in the series.
Subjective Project Success Assessment
Success and failure are often highly subjective terms, especially for projects and in project management. The question of success is dependent on the perspective of the stakeholders. It is common that one stakeholder might perceive a project a success while another consider it a failure. Then how can we remove some, or most, of the subjectivity from deciding if a project is successful or not?