9. Factors of Project Success

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Factors Behind the Success of a

Construction Project

Group 7B

Group details: Zuhair Shabbir (BSCE-01093041) Ali Jan Awan (BSCE-01093036) HSRQ (BSCE-01093097) Behzad Usman (BSCE-01093091) Muhammad Bilal (BSCE-01093153) Sanaullah Arif (BSCE-01093047)

Introduction Today we are going to discuss:(a) Necessity of Successful Project(b) Project Performance Measurement(c) Criteria for Successful Project Performance

Evaluation(d) Project Performance Attributes(e) Avoiding Failures in your project(f) Risk Factors

Necessity Ask Yourself Why is Success important for

any project?ANSWER: It is Verily dependant upon many

common thoughts such as:1. A number of Scarce resources at stake2. Time, Cost, Quality 3. Satisfaction to all the participants

WHAT IS SUCCESS IN PROJECT MANAGEMENT

1.Achievement of an action within

a specified period of time or within a specified parameter as defined by the project.

2.Success can also mean completing an objective or reaching a goal of the project.

3.A project is considered to be successful when stakeholders are satisfied with the completed deliverables /output by formal verification.

HOW IS SUCCESS MEASURED ON YOUR PROJECT?

4 levels of project success

Level 1: Project Management Success (cost, time and quality)Did our project produce the desired output?

Level 2: Repeatable Project Management Success (predictable outcomes)Do our projects consistently produce the desired outputs?

Level 3: Project Success (benefits realized)Do the project outputs produce the desired outcomes?

Level 4: Corporate Success (strategies implemented, value added)Do the outcomes produce or have the intended impact on the business strategy?

THE METHOD CONSISTS OF THREE PHASES:

1 First Step

The Project Success First Step Process formation of the project team, appointment of the project manager,

and development of the project charter

The Control Process Management process in which the Actual performance is compared with planned

performance difference between the two is measured causes contributing to the difference are identified corrective action, Preventive action and defect

repair is taken to eliminate or minimize the difference.

3 Control

General Benefits of the Method

CLEAR ANALYSIS and documentation of project scope, objectives, stakeholders, constraints, and risks

A PARTICIPATIVE APPROACH to planning, which ensures a better plan, as well as the team members' commitment to the plan

A SUPERIOR APPROACH to developing the project schedule, even with very tight deadlines

CLEAR RESPONSIBILITIES and performance expectations for team members

A PROACTIVE APPROACH to project control that identifies and solves problems as early as possible

STRONG TEAMWORK

DISCIPLINE AND CONSISTENCY of approach across all projects in the organization

REDUCED CHAOS, stress, frustration, and conflict

AND, THE BOTTOM LINE - projects are completed successfully with respect to quality, time, and cost

The Project Success Method achieve benefits that fall into three categories

1. Project-Level Benefits2. Organizational and Personal Benefits3. Strategic Benefits

Project-Level Benefits

Individual projects are completed successfully - in accordance with scope and quality specifications, on time, and within budget.

Organizational and Personal Benefits

Documented plans and schedules Clear scope and objectives Clarified roles and performance expectations Mutual accountability and support among

team members Improved communication Workload better matched to resource

availability

More effective problem prevention, detection, and solution

Continuous improvement in project planning and execution

Improved morale due to reduced frustration, stress and conflict

Strategic Benefits

Financial payoff, including reduced opportunity costs

Improved quality Increased customer satisfaction and goodwill Uncovered weaknesses in organizational

functions and processes, which can become targets for improvement

Strategic marketing advantage

Now Lets Talk about some Failures and Attributes which can lead to failure of construction project:

Poor Contract Management Inadequate technical manpower Very low level of productivity Inadequate finances Shortage of materials Design Changes

Failures Price fluctuations Inaccurate estimates Too many change

orders Poor supervision and

site management Slow decision making

Please Take the Informative Flow Charts that summarize our presentation

Thank You! Any Questions and Queries are in prior list of

our presentation, so do not hesitate to be confident ;)

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