Sydney Opera House: Project Success Or Failure 6z6d6x
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SYDNEY OPERA HOUSE: PROJECT SUCCESS OR FAILURE? By Fernando R. De Souza
Success and Failure
How do you define a successful project?
If the product met its business case but the cost and schedule targets weren't met, has the project failed?
Is success contingent on the overall value of the project`s product or service?
Success and Failure “A project is successful if it not only met the traditional project managers' definition of success, but also met the projects sponsors' perception of success.” (Willard, 2005)
Sydney Opera House: from a project management perspective it was a huge failure but it is arguably one of the most recognized buildings in the world
In numbers Project management:
Cost overrun of 1300%: estimated to cost $7 million but cost over $100 million.
Schedule overrun of 250%: estimated to take four years but took 14 (19591973).
Some think that budget and schedule overruns are necessary if you are creating a work of art. Do masterpieces require budget
New Metrics and Measurements
According to Willard (2005): Tier 1: Project completion success Tier 2: Product/service success Tier 3: Business success Alternatively Project success = project management success + project product success (Baccarini, 1999)
Traditional view
Tier1- Project completion/management success: Focus on the accomplishment of the project with regards to cost, time and quality.
Extended traditional view
Tier 2- Product/service success s satisfaction, happiness/willingness of s…
Tier 3- Business success If the it brings value and how it contributes financially and/or strategically to the business
Questions?
In your opinion, is the Sydney Opera House a successful project?
Success and Failure
How do you define a successful project?
If the product met its business case but the cost and schedule targets weren't met, has the project failed?
Is success contingent on the overall value of the project`s product or service?
Success and Failure “A project is successful if it not only met the traditional project managers' definition of success, but also met the projects sponsors' perception of success.” (Willard, 2005)
Sydney Opera House: from a project management perspective it was a huge failure but it is arguably one of the most recognized buildings in the world
In numbers Project management:
Cost overrun of 1300%: estimated to cost $7 million but cost over $100 million.
Schedule overrun of 250%: estimated to take four years but took 14 (19591973).
Some think that budget and schedule overruns are necessary if you are creating a work of art. Do masterpieces require budget
New Metrics and Measurements
According to Willard (2005): Tier 1: Project completion success Tier 2: Product/service success Tier 3: Business success Alternatively Project success = project management success + project product success (Baccarini, 1999)
Traditional view
Tier1- Project completion/management success: Focus on the accomplishment of the project with regards to cost, time and quality.
Extended traditional view
Tier 2- Product/service success s satisfaction, happiness/willingness of s…
Tier 3- Business success If the it brings value and how it contributes financially and/or strategically to the business
Questions?
In your opinion, is the Sydney Opera House a successful project?
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