Transcription of PAPERS Forecasting Success on Large Projects: Developing ...
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PAPERS Forecasting Success on Large Projects: Developing ...
PAPERSP roject Management Journal DOI: 1 INTRODUCTION Large projects have an impact that can go well beyond the immediatecompletion of the project (Eweje, Turner, & M ller, 2012; Xue, 2009). Success is perceived not just by the traditional view of completing thework to time, cost, and quality, but also by whether the project deliv-ers the desired outcome that is, to deliver to the parent organizationdesired new capabilities and business objectives (Office of GovernmentCommerce, 2007; Xue, 2009) and whether it achieves the desired longer-term impacts (Xue, 2009), including delivering the parent organization sstrategic objectives (Eweje et al., 2012), and desired future development ofthe business (Shenhar & Dvir, 2007). Large projects will have a wider range of stakeholders making judgments about whether the project and its output,outcome, and impact have achieved the desired objectives, and these stake-holders will make those judgments over the months, years, and evendecades following project perception of Success by a project s stakeholders often has little to dowith whether the project was completed on time, at cost, and with thedesired quality.
Project Management Journal DOI: 10.1002/pmj 3 investors or financiers of the project judge success in the years following the end of project based on how well it achieves corporate strategy and deliv-
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