Which indicators are commonly used to evaluate a project's success?

Evaluating a project's success is crucial to understanding whether it has achieved its intended objectives, and certain indicators provide concrete measures for this assessment. Cost against budget is a fundamental indicator, as it helps determine whether the project was completed within its financial constraints. Staying on or under budget is often a sign of effective resource management and planning.

Additionally, measuring work completed versus scheduled indicates the project's efficiency in terms of time management and delivery. This metric can reveal whether the project is on track, behind, or ahead of its timeline, providing insights into the team's performance and project viability.

Both of these indicators are quantitative, providing clear data that can be used to assess project performance objectively, which is essential for project stakeholders when making informed decisions about future projects or ongoing project adjustments.