Critical success factor

Critical success factor (CSF) is a management term for an element necessary for an organization or project to achieve its mission.

[1] A CSF is a critical factor or activity that is required for ensuring the success of a company or an organization.

The concept of "success factors" was developed by D. Ronald Daniel of McKinsey & Company, who published an article entitled "Management Information Crisis" in the Harvard Business Review in 1961.

The terms highlight the scope of the job profile for the employee, enabling them to have a better view of their possible role in the company.

It affects overall performance of the organisation and initiative of all employees towards change management thoughts which lead to their personnel as well as technical knowledge.

In project management, multiple cross-cultural studies spread over decades have shown that the basic Key Success Factors can be summarized as follows:[7] The company needs to be aware that it is essential to pull together the team that will be working with the CSFs, its necessary to have employees submit their ideas or give feedback.