Build your professional network on facebook via our app Go to app
 
 
Asked by : Raghu Kastury, Principal Consultant & Head of Strategic Business Unit - Retail & Distribution, Sundaram Infotech Solutions Limited
Industry : Management & Strategy Consulting
Functional Area : Change Management
Activity: Question posted: 05 01 2009 06:57:11 +0000, 22 answers, 872 views, last activity 10 13 2013 03:37:17 +0000
 
 Refer 51
Share
 
 
 
 

Usually we find lot of material everywhere talking a lot about what are the pit-falls in a project or somthing of similar activity. We seldom find, people write why a particular project has chances for success. We only write in advance why a project can fail.

Though it is good to identify risks and mitigate, talking about the conditions that succeed also are as importnat.

 

 
 Top Answer :
Rating : +6 

Raghu, a gem of question for the senior executives in the management board. 

 Based on the strategy, the ROI, the mangement does the investment. Whether that investment will be success or failure? depends on the many points. 

Busuiness Case (Thro Analysis - Covered all the Risks, have migitation in place)

Political Enviroment in Local/Global - This plays a major role

 

But when the company is investing it is always predicting success (apart from non commerical companys) but the road ahead is full of planning, execution & monitoring and controlling. If they are predicting failure and going ahead then they are answerable to all the stakeholders. 

 

 



[ Delete ]
[ Edit ]
Report Abuse
by   Mihir Jhaveri, PMP, CSCM, Senior Manager/Pre Sales & Solution Lead/SCM/Strategy, Bristlecone India  | 05 01 2009 15:49:07 +0000
  Answered by     Mohammad Bakhsh, Consultant(Civil), Rail Vikas Nigam Limited  | 10 13 2013 03:37:50 +0000
[ Delete ]
[ Edit ]
Not Rated

A very thin line exists between failure and success.Only results can tell one where he or she stands.

  Answer modified by     Sujeet Vishwakarma, Managing Director, RCA Group  | 10 12 2013 17:19:46 +0000
[ Delete ]
[ Edit ]
Not Rated

The Game Theory cleary says that the first option we opt for, is always a surrender, a bad option to avoid a worse option, and not a positive approach. Which clearly explains our psyche towards our projections of future...

  Answer modified by     Nandan Borgalkar, CEO , Kesineni Cargo Carriers Pvt. Ltd  | 05 15 2013 12:07:24 +0000
[ Delete ]
[ Edit ]
Not Rated

Anticipating or becoming more judgemental for Success or Failure is not wise call ...i feel

  Answer modified by     Nitin M Aras, Head/VP/GM-Tech. Support, ODTIN Food Solutions Pvt Ltd  | 05 15 2013 11:29:13 +0000
[ Delete ]
[ Edit ]
Not Rated

Uff... difficult to answer... believing that failure prediction is easy...damn easy for all... now a days... I am with some young people means new comers and they are very sure about their success it shows that prediction of success is easy... LOL!!!!

  Answered by     Business Management Consultant, You Can Ask Me Your Questions About Business Management, Professional Development & Personal Development  | 05 13 2013 06:23:11 +0000
[ Delete ]
[ Edit ]
Not Rated

That can be hard to say there is a 50/50 chance either way.

  Answered by     rakeshbhatnagar , GM Projects., wig brothers india pvt.ltd.  | 09 22 2010 14:48:19 +0000
[ Delete ]
[ Edit ]
Not Rated

PREDICTION OF SUCESS IS ALWAYS  DIFFICULT, IT CAN ONLY BE ACESSED BY A VERY INTELLIGENT ANALYST  HAVING IN DEPTH KNOWLEDGE OF THAT PARTICULAR FIELD.AFTER ALL THIS THERE ARE CERTAIN POINTS SUCH  AS 1. NATURAL CLAMITIY OR DISASTER MAY EFFECT THE SUCESS.

                          2.UNREST IN THE AREA DUE TO ANY UNEXPECTED REASON.

                          3.POITICAL CHANGES CAN ALSO EFFECT THE PROJECT.

 

  Answered by     Shashank Gupta, MBA ( Marketing )  | 05 28 2009 19:11:19 +0000
[ Delete ]
[ Edit ]
Rating : +1 

I feel pridicting failure is more easier than pridicting success because when you predict success people dont agree with your view but they will always acompany you whnever you are predicting failure... & thats bez converting that success prediction into reality is far more difficult than failure.....

  Answer modified by     v. s. sastry akella, Head/VP/GM-Business Alliances, general manager jaya kumari Ice and cold storage (p) ltd., vizag cold storage pvt. ltd., visakhapatnam (30-09-2007)  | 05 26 2009 10:41:08 +0000
[ Delete ]
[ Edit ]
Rating : +1 

Good Question. Dear Mr. Raghu Kasturi,

Both are equal, especially in the sales field. When you go on Comparing the last year sales figures, present market reaching (suply system) position, competitors activity, pricing of the product, expansion of market out lets etc. takes us towards success. Keeping on mind If we take a little hard work deffinitely figures rise. Every success backed by  hard work. Then only prediction will be fruitful.

On the other hand any one of the above lacked, automatically no prediction is essential, what will be happened. For a successful salesman, his hard work is only prediction. His overall grip on the market, undecreased faith in the product, leads him towards success.

  Answer modified by     Raju Ramalingam, Business Analyst, Rhytha Web Solutions  | 05 12 2009 19:10:03 +0000
[ Delete ]
[ Edit ]
Rating : +2 

We can predict success if we have the ability to track the project or any work from the beginning. What is the need of the project? Business process and how we are going to add the value to our customer. We should extract these things before we kick off the project. Time management. We should have passion and motivation and should not behave like a school student. We cannot predict on the advance. When everything is on the right track we can say it.

  Answered by     Aditya Sharma, Insurance Advisor/Analyst, LIC OF INDIA, ICICI LOMBARD  | 05 12 2009 05:28:50 +0000
[ Delete ]
[ Edit ]
Rating : +2 

Non of them is pridictable so as to say is easy. But yes if somebody fails others out of sympathy say "did I not told you". In the case of you are struggling they wil give you unsolicited advices and even would want you to hear them and do what they are saying. But if somebody gets success they first become serious than they will say this is the right path one should follow.

 
Leading recruitment Firm, Permanent Staffing, Temporary Staffing, Executive Search & Selection, and RPO
Aim Plus Staffing Solutions is the brain child of a set of professionals from the HR and technology communities. Established in 2005, Aim Plus Staffing Solutions is the leading provider of Talent Acquisition and Recruitment Process Outsourcing solutions to the Technology, Knowledge Services,......
Viewers also viewed
Recently, Bollywood has seen surprise failures of big blockbusters like Kites Raavana, they had...
 
973 referals 13 arguments, 683 views
Project Planning Engineers have a very "Hyped" Important role on Paper roles and responsiblities...
 
0 referals 32 arguments, 9500 views
Many of my friends say that instead of starting a business on a new product it is better to...
 
0 referals 7 answers, 535 views
more...  
Unanswered Questions (261)
Gaur  Group  has announced their arrival once again and they have blown the bugle loud and clear...
 
0 referals 0 answers, 0 views
WELCOME TO MYLOVEVASHIKARAN.COM Get Your Lost Love - ONE CALL GET CHANGE YOUR LIFE !...
 
0 referals 0 answers, 0 views
tantrik - love problem solution baba ji +91 9928576434tantrik - love problem solution baba ji...
 
0 referals 0 answers, 0 views