Authors: Harshal Panse, Dr. Poornima Tapas
Journal: BUSINESS MANAGEMENT AND ECONOMICS ENGINEERING
Publication date: 2023
Publisher:  Vilnius Gediminas Technical University
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Abstract

The definition of project success has changed over the years. This paper assesses understanding of project success and approaches to measure project success. This understanding is important for project managers because project success impacts the organization in several dimensions and makes project success much more relevant. “Improving project performance” has been the most significant criterion for the company but how to evaluate project success has been a topic of debate for a long time. Purpose The purpose of this paper is to approach the project success concept systematically. This paper contributes to the literature by offering a tested framework that will enhance the performance of the evaluation approaches of project success. Design/ methodology/ approach Literature was reviewed systematically, and six approaches were finalized for the measurement of project success. A questionnaire was circulated amongst the Project managers/ Business Owners for this survey. Respondents were Project managers/ Business Owners in and around Pune. The survey involves 113 respondents, and the data was gathered using a 5-point Likert scale. Findings The result indicates that the following approaches are significant for measuring project success: "The project achieves its purpose", "It provides satisfactory benefit to the owner", "It satisfies the needs of the owners, users, and stakeholders", "It meets its pre-stated objectives", "It is produced to specification, within budget and on time", "It satisfies the needs of the project team". Research limitations/implications This study solely focuses on the Micro, Small, and Medium Enterprises (MSME) Manufacturing sector in and around Pune, India. Practical implications The findings of this study emphasize some implications and suggest that understanding and measuring project success is significant for project managers, teams, and in turn for the organization. The current study results will assist project managers as well as academicians. Originality/value An investigation was carried out in this study based on the current situation of the MSME manufacturing sector in and around Pune, India. Primary data was collected for this study.