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Usual Evaluation of a Completed Project in Real World
March 10, 2008 | Author: PM Hut | Filed under: Project Management Definitions
Usual Evaluation of a Completed Project in Real World
By Dr.Russell Archibald And Darci Prado
In the Real world, a completed project can be labeled as a success, a partial success, or a failure.
Success: Project was completed on time, within budget and approved scope (with no significant delay). The user is totally satisfied, and the product delivers real value to the business.
Partial (or challenged) Success: The project was finished and the software is used. However, the project experienced serious problems (significant delay and/or budget overrun) and user satisfaction is partial, or the product does not perform as expected, and/or does not have all the functionality desired and necessary, and/or does not add the expected value to the work or business.
Failure: The project was canceled or paralyzed, the product delivered does not serve the intended purpose or does not meet the user expectations, or the delay caused serious business losses. The user/client is profoundly dissatisfied.
Dr. Russell D. Archibald, PhD (Hon), MSc, Fellow PMI and APM/IPMA, PMP, is one of the six founding members of the Project Management Institute. Now semi-retired, he has many years of management experience in engineering and operations with a variety of major US corporations in Europe and South America as well as the US. He has made major contributions to the understanding of project management, is author of the best selling 2003 book “Managing High-Technology Programs and Projects” (published also in Russian, Chinese, and Italian), has trained more than a thousand program and project managers and project specialists around the world, and has consulted in project management to clients in 14 countries on 4 continents. E-mail: russell_archibald@yahoo.com. Website: www.russarchibald.com.
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