Abstract

Project management, as per PMI, is characterized as the application of expertise, skills, tools, and activities to fulfill the requirements of the project. Project management is divided into five groups: initiating, preparing, carrying out, tracking, and closing. These are the recurring elements. Project management, in a wider sense, uses factors, criteria that correlate with projects. The factors explain the importance of the project's objectives and the expectations from it. Although many studies give an idea of project management in the IT sector, this paper signifies the universality of IT project failure, characteristics of project management, and various factors involved in IT projects' success. For example, managers would focus on factors, but the major problem is the interpretations and prediction of success. Everyone suggests different solutions to define project success, making research endless and limitless. Examining the cross-cultural differences gives us an idea of handling the projects. The main research objective is to examine the success and failure factors of IT projects in project management. The research methodology used is a qualitative survey conducted among project managers, team leaders, and the responses would be analyzed. Working environment, organization culture, management support are few critical aspects of any IT project. Thus, project management provides a specific emphasis defined by each project's priorities, finances, and schedule. This paper would help deliver a deeper understanding of the success and failure factors linked to IT projects and help the reader get a better understanding and develop new views as per the qualitative survey and research.

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