PROJECT OUTCOME FACTORS

Factors Affecting Project Outcomes



Table of Contents

Introduction3

Three Factors Affecting the Outcomes of Project3

1)Project Risk3

2)Resistance to Change5

3)Project Planning7

Conclusion9

References11

Appendix12

Factors Affecting Project Outcomes

Introduction

Project management can be defined as a planned effort to accomplish an individual project. Project management is affected by various factors that have either positive or adverse effects. It includes planning, organizing, and managing resources which leads to success in achieving the project. Project management includes the planning a project, identifying tasks and goals which are to be achieved. A well executed project leads to the success of the business. Project management is associated with five types of processes which include initiation, planning, executing, controlling and closing (Hamel, 2007, 30). A successful project can be evaluated on the basis of these steps. Professionally, project management should be carried on the basis of different projects and the goals which are set up in order to achieve it. Project management has can produce positive and negative impacts based on various factors that influence it.

Information technology and the Internet are the most used mediums in today's life. Today, numerous companies use the potential of information technology globally. Similarly, we can see here that project management is considered as the most powerful medium. Many people use it as technology project management. As a result of this, opportunities for the individuals have increased, and as a result of this, we can get more experience. This has brought a new area of project management methodology on the web control (Gido & Clements, 1999, 77).

Various factors of project management are also immensely beneficial with reference to time, as efficient measurement of time can be done by managing it. Project management is a broad discipline, and it has vast roles in every field of life and our appropriate scenarios too. Whatever we do it has some association with the project management whether it is academic or professional.

Three Factors Affecting the Outcomes of Project

Following are some of the factors that affect the outcomes of the project.

Project Risk

Positive and adverse risk evaluations tremendously affect the outcomes of the project. Risk identification is the first stage in project management. In this case, there is the identification of the risk factors, and then the names of the various risks are found out. Therefore, the construction business would need to carry out the identification of risks to deal with the problems associated with it before time (Knowles, 199,190). In every business, there is a Department for Risk Management, which have a role to assess the risk factors prevailing within the organization and the external environment to refrain themselves from any serious issue. There are various kinds of risks in any given project and each one of them would be different from each other in the nature.

The first one is the business risks, which are the current risks that are deftly handled by the business. There will be two dimensions for the quantification of risk. There will be an assessment of the risk. The probability of the risk occurrence needs an ...