Abstract
There is a high need – especially in industrial organizations – to launch successful products and services. Therefore, it is crucial to understand what are the key factors in project success. The motivation of the research is to examine, if there is a model that can be applied to predict future project success; preferably in the automotive engineering and manufacturing environment. The paper aims to study project success literature and understand the differences and similarities between project success and project management success. Also, highlight the importance of the application of convenient models, to define success factors and link them with success criteria. Without a proper definition of success, success factors, and success criteria, the right success model cannot be chosen; therefore, the risk for an unsuccessful launch is higher. Applying a proper success model forecasts future project success. The first section of the paper introduces project success management, afterward literature review given differentiating project success, project management success, and success models. The overview highlights the importance of proper success factors and criteria definitions supported by success factor model application to increase the likelihood of successful project implementation.
Highlights
Nowadays, in the industrialized world, one of the most important keywords is “success.” Every project practitioner has some thoughts on the definition of success and its dependency on different factors [1]
Extending the “iron triangle” model, shows that there are many opportunities to widen our perspective; as project managers are responsible for integration, resource, scope, communication, risk management, within time, budget, and performance [7]
Success models The challenge is implementing the success criteria and factors into the organization in a structured way, based on different maturity, complexity, and other characteristics. This is the reason for the demand for developing project success models that can define appropriate success factors and criteria, based on the individual, organizational needs
Summary
In the industrialized world, one of the most important keywords is “success.” Every project practitioner has some thoughts on the definition of success and its dependency on different factors [1]. There are several overlapping areas, the definitions of project success and project management success differ from each other [2,3,4,5]. Organization, monitoring, and control of all aspects of the project; with the motivation of all included, achieving project goals in a safe manner, within the agreed schedule, budget, and performance criteria [6]. The “iron triangle” model was the first model to describe project management success. Projects can be successful despite poor project management if they reach their higher, long term goals and vice versa. Extending the “iron triangle” model, shows that there are many opportunities to widen our perspective; as project managers are responsible for integration, resource, scope, communication, risk management, within time, budget, and performance [7].
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