Details: We often hear or read about various success and failure stories of projects, but what is success or failure and what criteriashould organisations use to identify success or failure? What factors lead to a successful or failure project? Cleland &Ireland  argue that since each individual or group of people who are involved in a project have different needs andexpectations, they likely interpret their project’s success in the context of their own way of understanding.Thomsett  provides as an example, the Sydney Opera House Project. The Sydney Opera House project went 16times over budget and took 4 times as long to finish as had been originally planned. However, the final impact of thecompleted project was so big that no one remembers the original missed goals. The project was a big success for thepeople involved and at the same time a big failure from the project management perspective. While a project may go overbudget and schedule [and deemed a failure], its success may be measured by the response to the actual use of theproject over time.On the other hand, the Millennium Dome in London was an example of a project that was completed on time and onbudget, but in the eyes of the British people was considered a failure because it did not deliver the awe and glamour that itwas supposed to generate. In the same way that quality requires both conformance to the specifications and fitness foruse, project success requires a combination of product success [service, result, or outcome] and project managementsuccess [Duncan 2004].The difference between criteria and factors is fuzzy for many people. The Cambridge Advanced Learner’s Dictionarydescribes a criterion as “a standard by which you judge, decide about or deal with something” while a factor is explainedas “a fact or situation which influences the result of something”. The success or failure of a project can be judged differentlyby people based on their purposes and criteria. It is clear now that critical factors can lead to a series of events thatultimately meet the overall success criteria of the project, so they should not be used as synonymous terms. Davis ,Atkinson , and Mir & Pinnington  provide other insights into this topic and suggest many other criteria forsuccess.This assignment requires you firstly to identify a real world case: either a successful project or a failed project, and thenbased on the criteria you identified [from the literature] explain why the project either succeeded or failed. There are manyreferences on the theme of project success or failure, and hence you will need to do some research to set up your criteria.The following references will help you start the process.You can select a case from secondary data available in the public domain or from within your own organisation. The reportshould include the following information:• Background of the company and the project case that you have selected.• Discussion of standard criteria, such as the Iron Triangle or those emerging in the reference section.• Critical identification and justification of the criteria you think appropriate.• Critical analysis of the case based on the criteria chosen.• Presentation of appropriate conclusions.• Provision of suggestions or recommendations in the event that the project should be re-run in thefuture.