Oct 17

Project Success. Part – 4: Initiating Projects

[Will provide details at a later time]

Will a project succeed?

There are many mathematical models to justify/predict the success of a project.

Do we need to consider project stakeholders?

Yes. Because the project may benefit some people and may cause dis-advantages to some people. Project managers need to manage and convince both of the groups.

How a project is formalized?

A project charter is developed to present the business needs and the outcome. It is just a document that is reviewed before (or for)project authorization.

 

Series Navigation<< Economic Models of Project Selection. Part – 3: Initiating ProjectsInput to Developing the project Charter. Part – 5: Initiating Projects >>
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