The key factors that need to be taken into considerations for a successful project execution includes: defining the scope of the project. Having clear objectives, scope, budget and methodology is one of the important things while considering for the successful execution. Selecting the team members by identifying the talents needed to execute the vision becomes easy. It will make up the team and delegate tasks and activities to the members which is best suited to them. Monitoring the progress of the project daily is very important. Creating the project schedule is very important because it defines each deliverable and defines the series of tasks that must be completed.