Commentators have differing views on what constitutes a quality project. The generally agreed parameters are that it delivers the desired outcomes on time and within budget. Through our long experience, the Transformed team has identified six key factors that improve project quality:
Key Success Factor 1: A Good Plan
The Plan, Do, Check, Act cycle is fundamental to achieving project quality. The overall project plan should include a plan for how the project manager and team will maintain quality standards throughout the project's cycle.
Key Success Factor 2: Appropriate Communication
Despite good project planning and scheduling, poor or absent communication with team members and stakeholders can bring a project undone. Project managers need excellent communication skills and a comprehensive scheme that encourages formal and informal discussion of expectations, innovation, progress and results.
Key Success Factor 3: Manage Stakeholders
Stakeholders include everyone who has an interest in, can influence or is affected by the project's implementation or outcomes. To engage stakeholders, identify who they are, analyse their concerns and what they need to know and then prepare a strategy to provide the appropriate amount of information and opportunities for involvement.
Key Success Factor 4: Good Measurement
Early in the process it is important to identify the key outcomes and outputs of the project and how you will measure whether they have been delivered. Implement processes that measure progress, both qualitatively and quantitatively, throughout the project at individual, team and whole project levels. This ensures that problems can be identified early and successful tactics can be promulgated throughout the project.
Key Success Factor 5: Constant Review
Along with good measurement go good review mechanisms. Successful project managers diligently and regularly review progress against the schedule, budget and quality elements of the project. Regular review allows problems to be identified early so that corrective action can be taken to keep the project on track. Review also helps team members to learn and improve their skills.
Key Success Factor 6: Act Early
Measurement and review are important, but they are only effective if the project manager takes action on issues identified. Leaving problems to be fixed up later is a recipe for disaster. Simple issues should be addressed immediately. More complex issues should be added for action into the project plan and resources allocated to address them.
Michael Young is Principal Consultant with 'Transformed' - Project Management Unleashed. Contact Transformed for information and assistance in conducting stakeholder analysis.
These typically include people, equipment, information, materials, time, and money. Most organizations have a limited amount of resources, hence, resource allocation planning is necessary for the effective management and utilization of these scarce resources.
There are 6 variables (performance targets) to control in a project and these are: Timescales, Costs, Quality, Scope, Benefits, and Risk. Also known as: 6 aspects of project performance.
Key success factors (also known as competitive emphasis or strategic posture) state the important elements required for a company to compete in its target markets. In effect, it articulates what the company must do, and do well, to achieve the goals outlined in its strategic plan.
Management involvement and commitment. Most people who have undertaken this kind of project agree that the most important factor is the ongoing support and commitment of senior management. Behind most of the major Six Sigma success stories are enthusiastic CEOs who have made it all possible.
Good planning, diligent execution, timely and appropriate communication, and management of stakeholder expectations are all essential elements in delivering a project to completion.
Examples would include agility, reliability, diversity and emotional connection with clients. Key success factors are one of three elements a company's management team must articulate as part of its strategic planning process, with the others being its strategic goals and its strategic scope.
Market research can help identify key success factors related to product innovation, pricing strategies, distribution channels, and customer relations. Additionally, you can use competitor analysis to examine competitors' strengths, strategies, and weaknesses in your industry.
Successful projects are those that 1) meet business requirements, 2) are delivered and maintained on schedule, 3) are delivered and maintained within budget, and 4) deliver the expected business value and return on investment.
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