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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, 20 answers, 641 views, last activity 05 15 2013 12:07:14 +0000
 
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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.

 

 
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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. 

 

 



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by   Mihir Jhaveri, PMP, CSCM, Senior Manager/Pre Sales & Solution Lead/SCM/Strategy, Bristlecone India  | 05 01 2009 15:49:07 +0000
  Answer modified by     Nandan Borgalkar, CEO , Kesineni Cargo Carriers Pvt. Ltd  | 05 15 2013 12:07:24 +0000
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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
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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, : I can provide you with Management Consulting & Counseling Services  | 05 13 2013 06:23:11 +0000
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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
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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
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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
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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
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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
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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.

  Answer modified by     M NITIN SHENOY, PMP, IPMA-D, CEng MICE, Manager  | 05 06 2009 12:40:52 +0000
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Prediting One's Success and Other's Failures is Easier...!!!

  Answered by     Samir Das, Tech Architect, Infosys  | 05 06 2009 11:51:30 +0000
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Yes I agree that people generally tend to criticize others or remind them that they have told them in advance to not do a particular thing but they never give you credit or appreciate you whole-heartedly when you achieve success.The way I see Success is to set a goal, plan the steps to achieve the goal, implement the plan and finally achieve the goal.
Success to me means satisfaction for whatever I do. If I am at my workplace, positive result gives me the satisfaction.Success means completing a task or assignment in an excellent manner and within the stipulated time.

That's what I think and evaluate success.

 
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