Project Outcome : A Uni Dimensional Construct With Meeting Budget, Time, And Quality

1213 Words Sep 16th, 2015 5 Pages
In addition, some researchers conceptualise project outcome as a uni-dimensional construct concerned with meeting budget, time, and quality (Mir & Pinnington, 2014; Müller & Turner, 2007; Turner, 2009), whereas others consider it a complex, multi-dimensional concept encompassing many more attributes (Atkinson, 1999; Jugdev & Muller, 2005; Lim & Mohamed, 1999; Shenhar et al., 2001). Shenhar et al. (2001) argued that projects are strategic, and project outcomes should be assessed according to short-term and long-term project objectives. Their framework links project outcome with competitive advantage, and includes: efficiency (meeting schedule and budget goals); impact on customers (customer benefits in performance of end products, and meeting customer needs); business success (project benefits in commercial value and market share); and preparing for the future (creating new technological and operational infrastructure and market opportunities). Further, Shenhar et al. model these dimensions as dependent on time and the project 's technological uncertainty.
Expanding on these aspects, Wang and Huang (2006) also include in the project evaluation criteria organizational objectives, stakeholder’s satisfaction, customer’s benefit, future potential to organization, etc. They use project function (finance function, technology function, etc.), project management (budget management, schedule management and technical standard), and contractor’s business performance (short-term and…

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