Discussion and responses

Many factors influence project performance that will make the project successful or failure. According to the textbook, the main determinants of project success are time, budget, quality and project performance. An organization can achieve goals based on project performance. It is important to continuously monitor project performance based on established or approved timelines, budget, scope and quality. Project can be successful if delivered on time, budget, within scope, and stakeholder satisfaction. All projects are often based on 3 different and important constraints- time, budget, and quality. A change in one of these constraints will automatically impact other two. There is often trade-off between these constraints in order to manage stakeholder requirements and achieve project success. Project constraints always occur, and project management will help deal with them strategically by carefully reviewing the changes by weighing on the impact that they would have. Certain changes can be made to the project plan based on the evaluation thereby controlling budget or timeline overruns. Poor planning and monitoring may often result in the budget overruns and meeting project deadlines. By using these concepts, I will be able to manage my testing projects taking into consideration all key factors will help the project manager to implement projects without impacting the success of the project.