which of the following events will the project be considered successful?

Lara has been assigned to a construction project. The project includes constructing a residential
building with fifty flats. On which of the following events will the project be considered successful?

A.
The project meets or exceeds the expectations of the stakeholders.

B.
The building is complete and handed over to the authority concerned.

C.
The keys of the first flat are handed over to the owner of the flat.

D.
Successful possession of all flats is made.

Explanation:
A project is considered successfully completed when the stakeholder needs and expectations are
met or exceeded. What is a project? In project management a project consists of a temporary
endeavor undertaken to create a unique product, service or result. An other definition is a
management environment that is created for the purpose of delivering one or more business
products according to a specified business case. Project have the following characteristics: They
are unique. They are temporary in nature and have a definite beginning and ending date. They are
completed when the project goals are achieved. Their success is measured by evaluating whether
they meet or exceed expectations of the stakeholders. Project objectives define target status at
the end of the project, reaching of which is considered necessary for the achievement of planned
benefits. A project should be specific, measurable achievement, achievable, realistic, time
bounded, ethical and recorded. The evaluation (measurement) occurs at the project closure.
However a continuous guard on the project progress should be kept by monitoring and evaluating.
Who are project stakeholders? Project stakeholders are those entities within or without an
organization, which: Sponsor a project or, Have an interest or a gain upon a successful completion
of a project. Examples of project stakeholders include the customer, the user group, the project
manager, the development team, the testers, etc. Stakeholders are anyone who has an interest in

the project. Project stakeholders are individuals and organizations that are actively involved in the
project, or whose interests may be affected as a result of project execution or project completion.
They may also exert influence over the project’s objectives and outcomes. The project
management team must identify the stakeholders, determine their requirements and expectations,
and, to the extent possible, manage their influence in relation to the requirements to ensure a
successful project.
Answer options D, C, and B are incorrect. These events are not the measurement of the project’s
success.