Question

Project success is defined as adherence to budget, schedule, functionality (performance), and client satisfaction. Under these criteria, cite evidence that suggests the Sochi Olympics project was a success and/or failure

Answer 1

Answer and Explanation:

The Sochi Olympics was an example of a project where costs ran out of control. The final price tag was estimated to be more than $50 billion, which dwarfed the costs of every other Olympic Games up to that point in time.

In terms of adherence to budget, the Sochi Olympics project could be considered a failure. The initial budget for the Sochi Olympics was $12 billion, but the final price tag is estimated to have surpassed $51 billion.