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How will the success or failure of project impact the overall business?

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Question added by Asif Bashir Rana , Asst. Manager Business Applications , Abdullah Abdul Mohsin AlKhodari Sons & Co.
Date Posted: 2014/01/03
Bhavin Mehta CCP(CCE), PMP
by Bhavin Mehta CCP(CCE), PMP , Assistant Manager , Larsen and Toubro Ltd

Projects are undertaken to meet specific strategic need of an organisation.

Successful project results in a product/service/result which will meet that particular strategic need.

 

If project is failed, then to fulfill that strategic need one new project is to be pursued.

But with effective project management skills , one should contantly align his/her project with a strategic need of an organisation. So that chances for project failure can be minimised.

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