Developing a value-centred proposal for assessing project success

Angus G. Yu; Peter D. Flett; John A. Bowers

doi:10.1016/j.ijproman.2005.01.008

Developing a value-centred proposal for assessing project success

Angus G. Yu, Peter D. Flett, John A. Bowers

Strathclyde Business School

Research output: Contribution to journal › Article › peer-review

87 Citations (Scopus)

Abstract

This conceptual paper proposes a value-centred approach to measuring project success. The paper adopts a product-based project definition and a corresponding project lifecycle model. After reviewing briefly the literature, the paper defines the concepts of the net project execution cost (NPEC) and the net product operation value (NPOV). Twelve possible project outcomes are outlined based on values of NPEC and NPOV at project completion compared with their initial estimates. The proposed scheme potentially enables project stakeholders to reach the same project success or failure verdict. It also addresses many issues hitherto encountered in the quest for project success criteria.

Original language	English
Pages (from-to)	428–436
Number of pages	9
Journal	International Journal of Project Management
Volume	23
Issue number	6
Early online date	21 Apr 2005
DOIs	https://doi.org/10.1016/j.ijproman.2005.01.008
Publication status	Published - 1 Aug 2005

Keywords

value and benefit
cost
time
project success
project organizational models

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.ijproman.2005.01.008

Cite this

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KW - cost

KW - time

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KW - project organizational models

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JF - International Journal of Project Management

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ER -

Developing a value-centred proposal for assessing project success

Abstract

Keywords

UN SDGs

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