Environmental Factors Affecting Project Success
Based on literatures, 52.7% of projects were not completed on time and within the proposed budget, and 31.1% did not fulfill their scope.
The majority of project management early studies clarified that if a projects completion time exceeded its due date, or expenses exceeded the budget, or outcomes did not satisfy a company's or the customer’s performance requirements, the project was assumed to be a failure. Today we admit that determining whether a project is a success or a failure is much more complex decision to make.
Due to delays in project completion time companies, most of the times, pay penalties to the other parties which will increase the overall project cost. Yet these projects might be considered successful projects. On the other hand, a project that is perceived as a success by a project manager and team
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Factors related to external environment
Some of the environmental factors that have a direct effect on projects are political, economic, and social, as well as factors related to the advances in technology or factors related to nature and weather conditions, either positively or negatively.
Generally speaking these environmental factors most likely affect projects during the planning stage of a project's life-cycle. Yet some of these factors affect a project at all phases of its life-cycle, such as weather conditions.
Other external factors affecting project success, such as competitors in the market.
Due to the rapid changes in the business environment, changes in the success factors will occur accordingly. These changes will affect the project attributes and the way projects are being managed worldwide. Also, these changes will affect the criticality of the factors mentioned earlier. Some critical factors might be disappearing due to new technology, whereas factors related to other project attributes might be becoming
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