14 Oct Ways to Manage Project Success!
When you are a project manager, you often ask yourself how you will know when things are going right on a project. This is an extremely difficult evaluation as it is difficult to work around the time evaluation the past performances and the work going forward.
Yet there are various indicators of project success, but this needs to be done while your project is progressing. During your project, you will need to evaluate below are the five key points to let you know, if your product can continue or you should take time to focus on the previous work that needs to be completed.
First, have a definite, clear practical ideal; a goal, an objective. Second, have the necessary means to achieve your ends; wisdom, money, materials, and methods. Third, adjust all your means to that end. ~ Aristotle
Step 1 : Schedule
Your success will be determined by whether or not you stayed committed to your original timeline. Experienced project managers know how hard it is to do that, but it’s a little bit easier if you on a continual basis evaluate your progress as you work.
You’ll need to update your schedule regularly and have a look at your key milestones as well as check if they still fall on the same dates as you originally agreed.
Step 2: Quality
At the end of your project, you will need to do a quality review. This can determine whether your end product meets the standards set. Better find out earlier, before its too late to rescue the projects
Step 3: Cost
Cost is the most important aspect within your project. So evaluate how much you are going to spend, you wouldn’t want to spend and not follow up on where the money goes to. A proper budget needs to be drawn up.
Step 4: Stakeholder Satisfaction
Your team mates and stakeholders are important as they are the people getting the work done and making sure that they are happy is beneficial to your project. By finding out how they feel about the end product, you can find another plan to engage and try to influence their behavior.
Step 5: Performance to Business Case
The last part, you will need to go back to your case and see what you have originally agreed upon. How your project developed etc.
Take these steps into consideration when starting your business. It will save you money and time and avoid unnecessary challenges