Project Success Case Study

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Project success is critical to business performance and still many projects suffer from overruns, delays and failure. Each project is different and consists of risks. According to Morris and Hough (1987), project failure rate are high when one fail to consider and analyze project risks. As per Jiang & Klein (2001), the way project risks are managed has a direct effect on the project deliverables. Tzvi et al. (2002) suggested that there is no risk free project. Project risk management aims to maximize opportunities and minimize threats. This ensures achievements of project objectives. Hence, it is unlikely that a project will be successful without effective project risk management. According to Baccarini and Collins (2004), the likelihood of project success is improved by reducing the impact of potential risks. Al-Rousan et al. (2010) stated that “If a project is successful, then it is not successful because there were no risks and problems, but because risks and problems were handled successfully”. Bakker et al (2010) suggest that risk management activities contribute to project success via four different effects: action, perception, expectation and relation. Action refers to the stakeholders’ ability to cause and …show more content…

It is critical that all telecom projects are as successful as possible to advance the business of the company. The telecom industries have recognized that traditional business models have changed. With the ever increasing competition within this industry, the products and services must reflect the latest technologies, the new industry players and new approaches. Very strong project management approaches along with strong business, marketing and technical skills are required for project success in the dynamic telecom environment. As per Celia (2008), this will happen if standard project management techniques are applied within telecom

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