Definitions for "Critical success factors"
Related Terms:
Critical success factor, Strategic planning, Planning, Strategies, Strategy, Strategic, Alignment, Strategic plan, Goals, Goal, Strategic objective, Mission, Plan , Objectives, Objective, Action plan, Goal, Hoshin kanri, Management plan, Performance, Action plans, Balanced scorecard, Management by objectives, Goal, Relevance, Results, Mission statement, Outcome, Effectiveness, Programme, Evaluation plan, Theory of constraints, Mission-critical, Vision statement, Project evaluation, Smart, Corporate plan, Performance management, Goal, Mission statement, Management, Key performance indicator, Visioning, Stakeholder analysis, Performance measurement, Strategy map, Business plan, Communication strategy, Tactic, Scorecard
The certain factors that will be critical to the success of the organisation, in the sense that if the objectives associated with those factors are not achieved, the organisation will fail - perhaps catastrophically so. Identification of CSFs should help determine the strategic objectives of the organisation.
The key items that must be met in order to successfully achieve a specific objective.
The indispensable business, technology, and human factors that would help achieve the desired level of an organization's goal.
The key areas that have specific impact on the implementation process. They vary for every enterprise; typical factors include: executive sponsoring, change management and control, resources (appropriate, enough and committed), issue resolution, user involvement, clear objectives and scope.
factors critical to organizational success; the process of evaluating prospective IT systems by comparing system costs with system benefits; a small number of key factors that executives consider critical to the success of the enterprise, where successful performance will assure the success of the organization and attainment of its goals
the set of elements to be done correctly for success. They include effectiveness, economy, efficiency, conditions and variables.
or CSFs, are those things which must go right for the organization to achieve its mission. CSFs are: a simple concept which help focus attention on major concerns; easy to communicate; and easy to monitor. CSFs should be derived from the firm's strategic plans; and they may be established for the company, the business unit, the department, or an individual. CSFs are categorized as those which monitor current results and those which build for the future. Sources of CSFs include: industry CSFs resulting from specific industry characteristics; strategy CSFs resulting from the chosen competitive strategy; environmental CSFs resulting from economic or technological changes; temporal CSFs resulting from internal organizational needs. CSFs should be associated with one or more primary measures for monitoring. [Source: John F. Rockart
The prior conditions that must be fulfilled in order that an intended strategic goal can be achieved.
The areas on which agencies and human capital practitioners should focus to achieve a system's standard and operate efficiently, effectively, and in compliance with merit system principles. Each of the five HCAAF systems is based on critical success factors that make up the overall system. For example, Change Management and Diversity Management are two critical success factors associated with the Leadership and Knowledge Management system.
the essential elements of an institution's strategic plan which the institution measures annually as part of the Institutional Evaluation Framework. These elements reflect the state of achievement of the goals laid out in the strategic plan and the success of the plan's implementation.
The relatively few factors that determine success.
The key items or issues that will determine whether or not a project has met the expectations. Although budget and schedule are important to all projects, they may or may not be critical success factors for a particular project.
Activities, tasks, technology, funding, and milestone requirements that must be accomplished before an organization can reach its long-term goals and objectives. Similar to dependencies.
Key areas of activity in which favorable results are necessary for a company to reach its goal. DAMA web site at www.dmreview.com
Strategic abilities that are required in order for organisations to compete or thrive in a given industry or sector.
Statements of what needs to be in place in the wider Business or Marketplace in order for a Project to be progressed properly and for the Project Goal to be achieved. If a Critical Success Factor is not in place, either the project cannot proceed, or more resource and time will be required to achieve the same goal.