23/09/2018
Project success is no longer about on time or on budget. Long gone are the days when the success of a project could be measured in these terms. It derived in bad practices that cause dangerous trade-offs.
In today's world, projects need a healthy mix of the following:
On time
On Budget
On Scope
On Quality
On Risk
On Benefits
On Adoption
On Leverage
On Sustainability
On Innovation
On Morale
All these factors need to be combined and balanced for each specific project. As adding more focus on one factor may affect the others. Now than ever, Project Managers and team members need to have constant visibility on the best practices they need to adhere within their projects to reach these goals.
"Project Managers and team members need to have constant visibility on the best practices they need to adhere to within their projects to reach these goals"
We all are familiar with On Time, On Budget and On Scope, as this is the typical triple constraint that the PMI has popularized. However, here the new categories to add to the new definition of project success that meet the demands of present times
On Quality, means the products or services delivered by projects have to meet their explicit and non-explicit requirements.
On Risk, means that the products or services delivered by projects need to be within the risk thresholds the organization wants to take
On Benefits, means that the project delivers their business benefits for which it was initiated in the first place
On Adoption, in a way related to On Benefits, it means that the solution the project is delivering gets adopted and used by their target community, enabling in this way that the benefits are ripped.
On Leverage, means that a project generates organizational knowledge that will improve the chances for other projects in the future to meet their targets
On Sustainability means that the solution delivered by the project will produce greater benefits than what it costs to maintain thesolution. A project may create a solution within its contraints of on budget and on time, but it may be costly to sustain in the future, making it not viable.
On Innovation, means that the project delivers solutions that are considered innovative
On Morale, means that a project does not need reduces the working human experience of its participants and stakeholders. People need to finish with a feeling of satisfaction and better relationships.
On NPS, means that project stakeholders (internal and external) would likely to recommend the project to their friends or colleagues.
There you go, what would you be are the new targets for projects in your organizations that are not covered by these?
Project success is no longer about on time or on budget. Long gone are the days when the success of…
