The international project institutes define policies, standards, and best practices for project team members and project management, which can help to achieve the organizational goals. This standard provides best practices for communication and coordination between different internal and external groups. An organization uses this standard as a tool to achieve business goals. Here are some of the critical factors of the project’s failure or success. It includes Project goals or project boundary, Organization management support and interest, project planning, client or customer involvement, types of work including technicality of the project, monitoring, and communication.
The project goal should be clear, and boundaries should be defined and captured in the proper requirement document. There are many IT tools available in the market; it can be very helpful to track the requirements at the project management level. For example, Team foundation server. Another important factor in a project’s failure or success is management support in terms of financial budget and timeline. Sometimes, depending upon the project's technical criticality and timeline, the project manager may require additional resources to complete the project on time (Marko, 2019).
References:
Dessislava Vasileva. Defeating Project Management Issues without Fighting Them. Retrieved from https://kanbanize.com/blog/project-management-issues/
Rankovic, Ilic. “Critical Success Factors in IT Project Management. Case Study on IT Banking Front-End IT System Project in Serbia.” Journal of economic development, environment and people 8.4 (2019): 13–23. Web.