What are the 6 key elements for a successful project?

Building a wonderful project requires focus on 6 key elements. Many industries spend millions in R&D and need to make sure it these tight times they remain effective and focussed and build stakeholders confidence to continue to invest.

  • Great Planning.

Great planning to address a pathway to useable outcomes is an important fundamental for any project. The planning should foresee potential changes in direction and cascade with clarity the key targets into each and every sub-project. It should provide a plan for the project leader and the teams to maintain standards throughout all of the project cycle and timeline.

  • Appropriate Communication.

Communication with team members and stakeholders is paramount to keep a project on track and operating to plan. Project Managers need excellent communication skills and an ability to encourage formal and informal discussions of expectations, innovation progress and further opportunities for involvement from the team members.

  • Strong Stakeholder Management.

Stakeholder is everyone who has an interest in, can influence or is affected by the project’s implementation or potential outcomes. The project management team needs to truly understand all their concerns and what they need to know, and then prepare a strategy to provide these details and provide opportunities for involvement.

  • Good Measurement.

Very early in the life of a project is it imperative to identify that the key outcomes and outputs of the project and how you will measure whether they have been delivered. Implementing processes that measure progress both qualitative and quantitative throughout the project at an individual, team and whole project level is a key factor. This process allows for all problems to be identified early and successful tactics can be employed to counteract the issues.

  • Frequently scheduled reviews.

Along with good measurement tools good review mechanisms must be employed. The Project management team must diligently and regularly review progress against the timeline, budget and quality outputs from the project. These regular reviews at all levels allows for problems to be identified early so corrective actions can be taken to keep the project on target. The frequent reviews allows for a significant amount of learning to be passes on and it is likely that all team members improve their skills.

  • Flexibility to react to changing conditions or situations.

Measurement and Review are important but they are only effective if action is taken by the project management team on the issues identified. Action early is great way for simple issues to be addressed immediately. For more complex issues there should be adjustments made in the project plan and resources reallocated or request to address them. Having a very flexible system to address this is vital for long-term projects.

If you make an effort to cover off all these areas in your project you have a great chance of haing a winning team at the final review point.

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