Sustainability; A New Element of Project Success” “From whose point of view is Velodrome Park and Wind Turbine projects considered a success or failure?

Serhat Kaysi

MPRA Paper from University Library of Munich, Germany

Abstract: There are plenty of reasons why a project to fail. While all projects strive to succeed, many of them are either over budget or unable to deliver their objectives and that is the reason almost 90 % of all projects either become restarts or fail. On the other hand, project success is possible and there are some other essential criteria to accomplish that. London Olympic Committee and ODA believed the Olympic projects were successful, delivered on time and within the budget. Was that really the case? Although there were many facts to consider that the event was a “triumph”, many believe projects were not delivered within budget and there was an undelivered failed project. Moreover, from whose point of view the entire event would be a complete triumph, success or failure still arguable? This research believes that there were many perspectives and different opinions about the games and therefore, business, user and suppliers point of views were explained to understand why there would be always different opinions and perspectives on the events. In order to create successful and valuable projects “sustainability” becomes paramount for project management. The researcher proposes that project management has a lot to learn from sustainability. Especially, Velodrome Park and Wind Turbine projects represent great examples of success and failure, respectively.

Keywords: Sustainability; Project success and Failure; London Olympics; Velodrome and Wind Turbine (search for similar items in EconPapers)
JEL-codes: M00 R0 Z00 (search for similar items in EconPapers)
Date: 2013-05-14, Revised 2014-03-09
New Economics Papers: this item is included in nep-ppm
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