Analysis of Project Success Issues: The Case of a Manufacturing SME

Abstract

The success of a project can be measured in different dimensions, the most familiar and well proven ones being time, cost and quality. Completion of scheduled project activities and delivery of the total project in time are very important from the perspective of both the customer and developing organization, while the same done within budget is important from the perspective of the developer. All these accomplishments along with embedding quality into the project lead to the overall success of a project. Small and Medium-sized Enterprises (SMEs) take up most assignments as projects and strive to complete them to the satisfaction of customers in order to maintain a competitive edge. The paper focuses on the criteria to complete the projects within time and budget by surveying and studying national and international projects of a manufacturing SME in Hyderabad, India. The findings provide support for proper utilization of project management tools and control of projects that are lagging behind time and cost in those SMEs which may not be in a position to procure expensive project management tools.