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Let me start with a few notes and clarifications. We define megaprojects as massive projects with capital costs around US$1 billion and a high level of complexity. Industrial megaprojects seem to perform better than infrastructure megaprojects. However, at best, what we have seen reported is a 35% success rate on the high end and as...

Are you a holder of the CAPM®, PMP®, or other certifications and still have some uncertainties about how to manage projects effectively? You are not alone! Many studies (Standish Group CHAOS Report, Independent Projects Analysis, Oxford Universities …) show that most projects still fail or are challenged. Despite the fact that IPMA, PMI, and other...

This is the fourth and last article in a four-article series on the subject of project success. Article 1 was mostly an introduction to the subject; article 2 was explaining the four dimensions; article 3 provided an example, real case study, and this article, compares the application of this concept to PMBOK® Guide. Background In...

This is the second article in a four-article series on the subject of project success. Introduction In the previous article, we stated that we are discussing project success, From an organizational perspective; not individuals, and From the owner perspective; not the service provider. With the above in mind, what are the four dimensions?