Question: peer review this in a few sentences The article explains that a project's success cannot be measured by a universal formula. Back in the day,
peer review this in a few sentences
The article explains that a project's success cannot be measured by a universal formula. Back in the day, the Department of Defense tried including just two variables to identify whether the project was successful - time and cost. The less money spent - the more successful we get. Then organizations tried to implement Critical Success Factors as a measurement of success, they quickly realized this value is great for identifying a successful strategy, but for quantitative measure of a project's success is best measured with KPIs.
Success is defined by the value brought to the business and innovation projects more often bring that value. However, it's important to ensure the innovations go through each deliverable to bring the said value. Companies should focus on long-term growth rather than short-term profits to assess the real success.
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