Project Management Success Factors

There is a high need – especially in industrial organizations – to launch successful products and services. Therefore, it is crucial to understand what are the key factors in project success. The motivation of the research is to examine, if there is a model that can be applied to predict future project success; preferably in the automotive engineering and manufacturing environment. The paper aims to study project success literature and understand the differences and similarities between project success and project management success. Also, highlight the importance of the application of convenient models, to define success factors and link them with success criteria. Without a proper definition of success, success factors, and success criteria, the right success model cannot be chosen; therefore, the risk for an unsuccessful launch is higher. Applying a proper success model forecasts future project success. The first section of the paper introduces project success management, afterward literature review given differentiating project success, project management success, and success models. The overview highlights the importance of proper success factors and criteria definitions supported by success factor model application to increase the likelihood of successful project implementation.