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Title:
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ACHIEVING PROJECT SUCCESS THROUGH ALIGNMENT WITH ORGANIZATIONAL STRATEGY: BALANCED SCORECARD APPROACH |
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Author(s):
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Jorge Gomes, Mário Romão |
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ISBN:
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978-989-8533-33-3 |
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Editors:
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Miguel Baptista Nunes, Pedro Isaías and Philip Powell |
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Year:
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2015 |
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Edition:
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Single |
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Keywords:
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Project Management, Project Success, Critical Success Factors, Project Success Criteria, Benefits Management, Balanced Scorecard |
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Type:
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Full Paper |
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First Page:
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81 |
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Last Page:
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88 |
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Language:
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English |
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Cover:
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Full Contents:
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click to dowload 
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Paper Abstract:
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Most of the projects reported worldwide revealed failures on the accomplishment of the budgets, schedules or technical requirements. The organizations spent an increase amount of financial resources in systems and technology without getting all the potential of their investments or collecting the promise business benefits. Organizations success is widely defined as winning in the marketplace, and firms tend to measure this with financial and economic indicators. There is also a general agreement that although schedule and budget performance alone are considered inadequate as measures of project success, they are still important components of the overall construct. Success is perceived differently by different stakeholders. There are certain major factors whose influences are considerable to project success such that they during basic planning will enhance the successful completion of projects. An early identification of the Critical Success Factors (CSFs) and Project Success Criteria (PSCs) during the initial project assessment is a vital start for ensuring successful project completions. This paper combines Project Management (PM) and Benefits Management (BM) practices with Balanced Scorecard (BSC) approach in order to align the projects with the organizational strategy. The usage of this mix of different management tools led to more effectiveness in projects success. |
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