Final answer:
Project success is commonly measured by scope, schedule, and budget. Each must be carefully planned with clear objectives and considering constraints and audiences. With SMART criteria, project managers can evaluate success systematically.
Step-by-step explanation:
The traditional measures of project success include the project's scope, schedule, and budget. Each of these elements serves as a critical gauge in evaluating the success of a project.
Scope
The project's scope relates to the performance and means for achieving the final objective. It involves defining goals and objectives that should be Specific, Measurable, Achievable, Relevant, and Time-bound (SMART). You must
establish the criteria used for measuring progress toward these goals.
Schedule
The project's schedule maps out the timeframes for achieving milestones and completing the project. It's vital to set achievable deadlines given the available resources and potential constraints like time and personnel.
Budget
Lastly, the budget refers to the costs associated with the necessary products and services required to achieve the project's goals. Planning a budget means ensuring that the available funds meet the project's needs without overspending while also preparing for potential financial barriers that could arise.
When planning a project, it is critical to define your audience, establish a line of inquiry, and make an evaluation plan simple yet effective, ensuring the project managers understand the 'what' and 'why' of the project's progression.