What 'Successful Project' Actually Means, PMI Standard Included
Early in my career I helped deliver a project that hit every number. On time, on budget, scope delivered exactly as the document said. We celebrated. Six months later I learned the client's team had quietly gone back to their spreadsheets, because the workflow we built matched the spec and not the way they actually worked. By every measure I knew at the time, that project succeeded. By the only measure that matters, it did not.
The gap between those two sentences is what PMI spent an entire edition of PMBOK trying to close.
The old triangle and why it stopped being enough
The classic definition was the triple constraint: scope, schedule, cost. Deliver what was asked, when promised, for the agreed money. It is still the floor, and I still track all three, because a project that blows its budget or misses its window creates real damage no matter how loved the product is.
But the triangle measures the delivery, not the outcome. My spreadsheet story passed the triangle with honors. So PMBOK's current thinking stacks more layers on top, and each layer catches a failure mode the previous one misses.
Seven criteria, and what each one catches
Scope performance catches the project that delivered something other than what was agreed. Schedule and cost performance catch the slow bleed I described in Why Projects Fail, where slippage hides until it can't. Quality catches the deliverable that technically exists but generates defects and rework for a year, and I mean quality as conformance to requirements, not gold-plating things nobody asked for.
Stakeholder satisfaction catches my spreadsheet project: the users were stakeholders, and nobody had measured what they felt. Value delivery asks whether the thing produces the benefit that justified the budget, in real numbers: orders processed, hours saved, revenue enabled. Benefits realization is the long tail, whether that value still shows up quarters after the team disbanded, which is precisely when nobody is looking.
Working on commerce products taught me to respect the last two. An app can ship beautifully and still fail its business case; a merchant tool succeeds when merchants run their daily business through it, not when it passes UAT. Shipping is a milestone. Adoption is the result.
Use the criteria by phase, not as a post-mortem
The seven criteria are usually presented as an evaluation checklist, something you score at the end. Used that way, they are an autopsy. The version that changed my projects is using them at the start.
At initiation, the charter answers: which of these seven will this project be judged by, and what number makes each one true? During execution, the active ones go on the status report next to schedule and cost, so "are users going to adopt this" gets asked monthly instead of never. At closing, the scores write themselves, because they were defined eighteen months earlier when nobody was defensive about them yet.
The single most useful line I put in any charter is one sentence completing: "This project is a success if ___, measured by ___." Getting sponsors to agree on that sentence takes one uncomfortable meeting. Not having it costs an argument at closing, held at the exact moment everyone's memory of the original intent has become conveniently different.
The question that outranks the checklist
Before any kickoff, I ask the sponsor: a year after go-live, what will you look at to know this was worth the money? Not what should the system do. What will you look at. The answer is almost never "the scope document." It is a number on some dashboard, a complaint that stops arriving, a manual process that no longer exists.
That answer is the project's real definition of success. The seven criteria are how you keep yourself honest on the way there. And the triangle, for all its age, is still how you avoid winning the outcome while bankrupting the delivery. You need all three layers. But if you only get one sentence with your sponsor, spend it on the year-after question.

Nguyễn Hải Nam
Project Management Lead. 16+ years from code to delivery. PMP®. Writing here about project management and engineering.