Join Terri Wagner for an in-depth discussion in this video Reviewing factors for success, part of Project Management Foundations: Stakeholders.
- The Standish Group has been notoriously publishing their CHAOS Report with IT project success, failure, and challenged rates for many years. While their report happens to focus on IT projects, the study can provide insight on all types of projects. Their report will list those things that, if present, will lead to success and, if absent or challenged, could lead to project failure. The most recent research report showed the top 10 as Executive support, User involvement, Clear business objectives, Emotional maturity, Optimizing scope, Agile process, Project management expertise, Skilled resources Execution, Tools & Infrastructure.
Little has changed at the top of their list over the years. Executive support and User involvement were noted all the way back in the reports of 1994 as two main success factors when present and failure points when absent and they remain the top two issues today. Our executives and our users represent key stakeholders in any project. So, it's not an exaggeration to say that stakeholders are critical to successful management of any project.
If we fail to Identify, Engage, Communicate with, and Manage our stakeholders, our projects will fail. That's why one of the first tasks when initiating any project is identifying all your project stakeholders and creating a stakeholder register. While the CHAOS report talked about IT users, how would you translate that for our wind energy project? Do you know the key executives and end users on your projects?
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