Effective project management approach to attain project success, based on cost-time-quality

Abstract

The project management has been described as managing resources on a given activity of an organisation unit dedicated in order to meet the attainment of a goal and successful completion of the development project. Developing the best practice of project management is a big challenge which must be in conformance with predetermined performance specifications to avoid delays, overrun cost, quality reduction and to meet the specific requirements of stakeholders as well. This research paper reviews the literature on the project management relevant to the project success and determines these specific success criteria and the value of the iron triangle cost-time-quality to better practice for project management. Moreover, this paper proposes that project success can be defined in terms of the integration of the project management and success criteria 'cost-time-quality' to meet the satisfaction and the expectation of the stakeholders.