Learning from Successful Projects

FeatureRichFairy avatar
FeatureRichFairy
·
·
Download

Start Quiz

Study Flashcards

16 Questions

What is the primary focus of a project post-mortem?

Identifying the reasons for the project's success

What is the main challenge in determining project success?

Identifying a single factor that determines success

Who decides the factors used to determine project success?

Any of the above, depending on the project

What does the acronym S-M-A-R-T stand for in the context of project success?

Specific, Measurable, Achievable, Relevant, Timely

What is the primary benefit of conducting a project post-mortem?

Uncovering valuable insights for future projects

Why is it important to make the decision on project success factors at project inception?

To ensure all stakeholders are on the same page

What is the main difference between a project post-mortem and a lessons-learned meeting?

A project post-mortem is more agenda-specific

What is the primary purpose of writing project success factors in a S-M-A-R-T structure?

To ensure project success factors are clear and actionable

What is the main issue with the initial success factor statement 'This project will be deemed a success if we have happier employees by the end of year'?

It is not measurable and lacks clear criteria

What is the primary benefit of planning for and using milestones in a project?

To identify areas where the project is at risk of getting off-track

What is the consequence of not executing the project plan properly?

The project will result in planned executions

What is the purpose of reviewing and discussing pre-planned milestones at status meetings?

To ensure the project stays on track with the milestones

Why is it important to conduct a post-mortem on a successful project?

To identify areas for improvement

What is the primary consideration when planning for project success?

All of the above, plus other factors

What is the main benefit of having a clear and specific success factor statement?

It helps to measure the project's success

What is the relationship between employee tardiness and turnover rates?

They have been identified as factors that relate to an individual's satisfaction with their job

Study Notes

The Importance of Project Post-Mortems

  • Overlooking the value of learning from past projects is common among business owners, operators, and managers.
  • Conducting a post-mortem on a successful project is just as important as conducting one on a failed project.

What Constitutes Project Success

  • Every project is different, and determining success is complex and multifaceted.
  • Determining success begins at project inception with a choice of who makes the decision (e.g., sponsor, customer, end users, project manager, or team members).
  • The factors used to determine project success must be written to meet the S-M-A-R-T structure (Specific, Measurable, Achievable, Relevant, and Timely).

Smart Project Success

  • S-M-A-R-T factors must be written to meet all five parameters (Specific, Measurable, Achievable, Relevant, and Timely).
  • Example of a poor success factor: "This project will be deemed a success if we have happier employees by the end of year."
  • Example of a good success factor: "This project will be deemed a success if employee tardiness rate has been reduced to less than 5% per month and the turnover rate is less than 1% per year."

Planning for Project Success

  • The project team plans the project around the determined success factors, balancing scope, schedule, budget, resources, quality, risk, technical factors, and limitations.
  • Planning for and using milestones (both product and management milestones) helps identify areas where the project is at risk of getting off-track.

Project Post-Mortem Template

  • Reviewing and discussing pre-planned milestones at status meetings is crucial.
  • Taking action to ensure the project stays on track with these milestones increases the chance of project success.

Discover the importance of reviewing successful projects to learn from past experiences and improve future initiatives.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free

More Quizzes Like This

Project Management Quiz
6 questions
Final Closure in Project Management
5 questions
Project Management Responsibilities
10 questions
Use Quizgecko on...
Browser
Browser