The success of failure of a project depends on various organizational and non organizational factors. Various stakeholders are often tasked with different roles to ensure success of a given project. The success of a project is predominantly defined by the end user satisfaction while in most cases it is defined by the number of stakeholders who affirms that most of the project requirements were addressed. Other than satisfaction of the stakeholders, managerial skills have a stake in the success of the project. A good manager is one that ensures there is flow of information between the project owners and the team players to ensure success of the project. This chapter highlights some of the risks that could jeopardize the success of a project and outlines the effective measures that would ensure a project is successfully completed. A good project is one that works within the allocated time and budget, since those are the crucial parameters used to evaluate the success of a project. The chapter reviews four foreign articles alongside ten Persian articles