Key Factors That Determine Project Success and Failure Order Instructions:
The writer will address all the 5 major points mention in this order form below clearly demonstrating mastering of the subject matter. The writer will use pear review articles throughout to write this paper. The writer will also reference to the readings provided at the end of this page in the paper.
To prepare for this paper, utilize your Required Resources and your own research. Think about how you would integrate the information you have learned in this seminar into a unified philosophy of program portfolio management. Consider the guiding principles you would implement in your career, and any concerns or misgivings about the practices espoused thus far.
Address the major ideas of this course and their place in your personal philosophy of project management.
All students will respond to the following:
• Address the major ideas in each section of this course and their place in your personal philosophy of project management:
o “Key Factors That Determine Project Success and Failure”
o “Aligning Project Portfolio, Organization Strategy, and the Organization Mission”
o “Applying the Stage-Gate Model to Optimize Project Performance”
o “Effects of Organizational Behavior on Project Innovation”
o “Developing a Unified Approach to Portfolio Management to Achieve Organization Success”
Finally, what would you say is the single most important principle relative to project management that you have learned in this seminar?
Readings
• Gareis, R. (2007). Management of the project-oriented company. In P. W. G. Morris & J. K. Pinto (Eds.), The Wiley guide to project, program & portfolio management (2nd ed., pp. 250–270). Hoboken, NJ: John Wiley & Sons.
In Chapter 11, the author introduces the “project-oriented company” (POC) as a social construct and describes models for the organizational differentiation and integration in the POC. The POC Maturity model can be applied to assess and to benchmark the competencies of POCs.
• Fischer, G., & Herrmann, T. (2011). Socio-technical systems: A meta-design perspective. International Journal of Sociotechnology and Knowledge Development, 3(1), 1–34.
Retrieved from http://l3d.cs.colorado.edu/~gerhard/papers/2010/journal-socio-ts.pdf
Metadesign of sociotechnical systems is an approach that integrates technical and social systems. It provides frameworks within which stakeholders can more effectively contribute to organizational change, knowledge construction, and collaborative learning.
Key Factors That Determine Project Success and Failure Sample Answer
Key Factors That Determine Project Success and Failure
Planning: One of the factors that lead to project success or failure is the planning. Successful projects must be well planned and coordinated right from the beginning to the end. On the other hand, non-successful factors are usually poorly planned and executed, leading to the project failure (Mathur, Judgey, & Fung, 2013).
Executive Support: The level of executive support determines the level of project success. Weak executive support would result into weak project implementation and high chances failure. On the other hand, high level of executive support would lead to better project implementation and the success of the project.
Technical Competence: The technical team must be competent enough to executive a wonderful project portfolio. If the technical support lacks competency, the project would face poor implementation and the overall project failure (Whitty, 2011).
Resources: Resources make it possible to implement the project without any delays or limitation. Availability of resources would make it possible to have a successful project and vice versa
Expectations: The expectations of the project must be realistic and achievable to ensure the project success (Mathur, Jugdey, & Fung, 2014). Unrealistic and unachievable goals would automatically result into project failure.
Aligning Project Portfolio, Organization Strategy, and the Organization Mission
An organization needs good coordination between various departments so that everything is aligned with the organization strategy (Gareis, 2007). The ability of the organization to align the project portfolio, the organization strategy, and the organization mission ensures that everything is the project is done to the completion. Lack of alignment would lead to time waster and unsuccessful project completion. Therefore, a clear designed organization missions statement is a prerequisite for creating value in the successful projects launched by the organization.
Stage-Gate Model to Optimize Project Performance
According to Whitty (2011), the Stage Gate model allows an organization to improve the quality of the project and enhance their speed while reducing the project risk and failure. Importantly, the Stage-Gate model allows the organization to enhance the excellence of their new and innovative product by integrating various product driving approaches that are simple to understand. Therefore, the Stage-Gate model allows incorporates decision making at all levels and functions to support quality and timely achievement of superior results. This helps an organization to launch competitive landscape that helps them achieve their project goals.
Effects of Organizational Behavior on Project Innovation
The organizational behavior helps to instill the culture of innovation within the company. It is the duty of the management to ensure that they instill the right culture of innovation on their employees to ensure that all projects are launched successfully (Whitty, 2011). The motivation from the top management ensures that individual and group interactions within the organization are motivated to innovate accordingly.
Unified Approach to Portfolio Management to Achieve Organization Success
According to Fischer and Hermann (2011), a unified approach to portfolio management that can help to achieve organization success can be implemented by the Meta design of the socio-technical systems. In this approach, the technical systems are engineered to provide reliable and anticipatable interactions between the systems and their users in project implementation. In this regard, the users will act as designers to provide fixed solutions to the project goals. Therefore, the socio-technical systems are enough to spur the culture of participation and collaborator management that is important in the project success (Fischer and Hermann, 2011).
The information learned from this seminar is a applicable into a unified portfolio of program management. One of the guiding principles to aligned the project management objectives with the organizational mission. The other principles that I will apply relates the standard of engagement by putting proper structures of who will be concerned with the project and how. My main concern in personal project management philosophy will be organizational behavior. I will need to instill the culture of innovation and excellence as part of my project management exercise. In addition, I will involve the executive in the initial phases of project planning so that the necessary executive support and resources are adequately supplied.
Key Factors That Determine Project Success and Failure References
Mathur, G., Jugdev, K., & Fung, T. S. (2013). Project management assets and project management performance outcomes. Management Research Review, 36(2), 112-135.
Mathur, G., Jugdev, K., & Shing Fung, T. (2014). The relationship between project management process characteristics and performance outcomes. Management Research Review, 37(11), 990.
Whitty, S. J. (2011). On a new philosophy of project management. International Journal of Managing Projects in Business, 4(3), 524-533.
Fischer, G., & Herrmann, T. (2011). Socio-technical systems: A meta-design perspective. International Journal of Sociotechnology and Knowledge Development, 3(1), 1-34.
Retrieved from http://l3d.cs.colorado.edu/~gerhard/papers/2010/journal-socio-ts.pdf
Gareis, R. (2007). Management of the project-oriented company. In P. W. G. Morris & J. K. Pinto (Eds.), The Wiley guide to project, program & portfolio management (2nd ed) Hoboken, NJ: John Wiley & Sons.
