An organization embarks on a project to meet customer demand or drive company growth, and the board members determine the project’s success criteria before starting.
This involves aligning project managers with customer feedback and company goals to establish measurable goals. Taking a Project Management Certification course is an excellent way to gain knowledge in this field.
Defining goals before starting the project is essential for determining its success. The primary benchmarks for evaluating project success are scope, time, and cost.
These are referred to as success criteria and are used to measure the project’s achievement. This article provides ten success criteria for projects along with examples, making it clear and easy to understand.
Factors to Make a Project Successful
For a company to be successful, it is necessary to mark some keys on which to base ourselves when assessing the scope of our business:
Establish objectives: Find a focus of goals and know where you start from and where you want to go. Establishing a business plan with a clear understanding of the priorities is essential.
Know the sector: know in which territory we operate and see the competition.
1. Invest time before financial outlay: You must study the keys. Otherwise, it would be too much of a risk. Performing a SWOT analysis of our business can help us know how to move.
2. Business plan: Once the market has been studied, a business plan must be drawn up that reflects the investment that will be made and the objectives and benefits we hope to achieve.
3. Invest in innovation: be attentive to the market’s needs to be up-to-date and offer the most innovative services.
4. Differentiate yourself from the competition: It is a mandatory key. To do this, we must know what service they offer, including response time and economic value, two fundamental factors to stay ahead of our competitors.
5. Quick recognition of opportunities: Know how to diversify and find new lines of business
6. There is no room for improvisation: you must follow a set strategy.
7. Believing in what we do: Being faithful believers that our business will succeed and knowing how to rise in the face of vicissitudes. A good attitude helps overcome barriers.
8. Willingness to learn and improve: Knowing that things don’t always work out the first time and that we never stop learning and improving. Never throw in the towel.
Project Management Success Criteria
1. Smart Planning
Creating a comprehensive plan gets the project one step closer to success from the start. In this process, all stakeholders must always be involved to know how the project is going.
Good planning keeps the team focused on their duties and responsibilities and keeps stakeholders informed about the project’s progress.
There are many benefits of a good plan:
- This process allows for realistic project timescales to be created.
- This process can help estimate project costs with more detailed project budget management documentation.
- Good planning from the start can help detail all the resources needed by the work unit and double as a ‘warning system.’
If there is a work unit that still needs to be completed according to the deadline, then this will be seen by the planning system earlier.
2. Smart People
The first factor is having intelligent and competent people on your project team. Without them, any plans and strategies that you have worked on have a chance to fall apart.
Therefore, choosing a competent resource in the field he handles is essential. It is also necessary to ensure they are highly committed to team goals and share an aligned vision and mission to drive the project to success.
The existence of resources in an incompetent team will undoubtedly trouble the project manager. It will disrupt the synchronization of teamwork and lead the project to the brink of failure.
So, choose resources you can ensure are competent in the work unit they carry out and can work well together.
To manage this project planning so that it is more effective and efficient, you can choose the project management application.
Where all project work, deadlines, the person in charge, to the pace of project progress in real-time and transparently from the field can be accessed together.
Project managers and other stakeholders can more easily monitor projects and do reporting. You can experience the benefits of these intelligent features through the Tomps project management application. Try it for free now!
3. Open Communication
Maintaining open Communication within the team goes a long way toward project success. This is because Communication is the best way to prevent problems from happening.
It is essential to provide information as straightforwardly as possible to the team when changes occur during the project or regarding the work units they have to handle from the pre-execution stage.
Good Communication is also about knowing when to say ‘no.’ Teams should only promise something that they know can be fulfilled.
Saying ‘no’ at an early stage can reduce the chances of unnecessary problems arising when the project is executed. Learn to dare to be honest about what you and your team can do and when it can be done.
4. Risk Management
Carrying out careful risk management is also mandatory for project managers.
In the planning stage, the project manager must ensure that he has detailed the risks encountered and their solutions as the project progress to the closing stage.
This will help you and your team to quickly resolve and manage problems according to what has been calculated in the risk management stage earlier.
This will give the team confidence in determining project risks and ensure the project owner feels safe and comfortable with the project’s progress.
5. Strong Project Closure
Weak project closures can potentially drain project resources.
Therefore, you must firmly agree with the client that all the critical success factors mutually agreed upon at the planning stage have been fulfilled. Confirm with the client regarding the results of the project through a signed written document.
Making documentation of a satisfaction survey on the results of your project from a client will also be very useful as a reference and valuable information for you in the future.
Indeed, it is the project manager’s job to ensure that the projects under his umbrella run smoothly. However, having a great project manager is one of many indicators that guarantee project success.
It takes the intervention of the entire team to help drive the project to success. In the future, this success will lead to more organized and proactive project plans and improve the quality of various other projects.