Tackling Poverty in Nigeria, by growing Art-based SMEs
Factors for assessing aviation project success or failure.pptx
1. FACTORS FOR ASSESSING AVIATION
PROJECT SUCCESS OR FAILURE
Lecture 5
Course Instructor: Ma’am Umama Arshad
2. FACTORS- SUCCESS OR FAILURE OF
AVIATION PROJECTS
• Assessing the success or failure of aviation projects involves considering
a wide range of factors that encompass financial, operational, safety,
regulatory, and customer satisfaction aspects. Here are some key factors
to consider when evaluating aviation project success or failure:
1) Financial Feasibility
• Cost Control: Was the project completed within the budget? Were cost
overruns effectively managed?
• Revenue Generation: Did the project achieve the expected revenue
generation, and was it financially sustainable?
• Return on Investment: What is the return on investment for the
project? Did it meet financial goals and expectations?
3. 2) Operational Efficiency
• Operational Performance: Did the project lead to improved
operational efficiency, reduced delays, and better on-time
performance?
• Capacity Enhancement: Was the project successful in increasing
the airport's or airline's capacity and throughput?
• Resource Utilization: Were resources, such as aircraft, personnel,
and facilities, optimally utilized?
3) Safety and Security
• Safety Records: Did the project have a positive or negative
impact on safety records and incident rates?
• Security Enhancements: Were security measures effectively
implemented and improved?
4. 4) Regulatory Compliance:
• Regulatory Approval: Did the project adhere to regulatory requirements
and obtain necessary approvals?
• Environmental Impact: Was the project environmentally compliant and
did it address concerns related to emissions, noise, and wildlife
management?
5) Customer Satisfaction:
• Passenger Experience: Did the project lead to an enhanced passenger
experience, with improved facilities, services, and convenience?
• Customer Feedback: What is the feedback from passengers and
customers about the project's impact on their travel experience?
6) On-Time Performance:
• Flight Punctuality: Did the project have a positive or negative impact on
flight punctuality and schedule adherence?
• Operational Delays: Were there any unforeseen operational delays or
issues caused by the project?
5. 7) Supply Chain and Logistics:
• Supply Chain Management: Were supply chain and logistics issues effectively
managed, including the procurement and delivery of critical aviation
components and services?
8) Stakeholder Engagement:
• Community Relations: How well did the project engage with and address the
concerns of local communities and residents, including noise and
environmental issues?
• Labor Relations: Were labor issues effectively managed during the project's
execution, including any labor strikes or disputes?
9) Technology and Innovation:
• Technology Integration: Did the project successfully incorporate and
implement cutting-edge aviation technologies or innovative practices?
• Digital Transformation: To what extent did the project contribute to the digital
transformation of aviation operations?
6. 10) Long-Term Sustainability
• Sustainability Goals: Did the project align with and contribute to long-term
sustainability goals, including emissions reduction and environmentally friendly
practices?
11) Adaptability to External Factors
• Global Events: How did the project respond to unforeseen global events, such
as pandemics, economic crises, or geopolitical changes?
• Market Dynamics: Was the project adaptable to shifts in market dynamics, such
as changes in demand and competition?
12) Legal and Regulatory Challenges
• Legal Compliance: How well did the project navigate legal challenges, such as
disputes, regulatory changes, or court rulings?
13) Project Timeline and Milestones:
• Project Timeliness: Was the project completed on schedule, or were there
significant delays and how were they managed?
14) Risk Management:
• Risk Mitigation: How were risks associated with the project identified, assessed,
and mitigated?
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15. Project Cost Management
• Describes the processes required to
ensure that the project is completed
within the approved budget. It consists of
resources planning, cost estimation, cost
budgeting and cost control.