Critical Success Factors; usually, the abbreviation CSF is used. It is a simple analytical technique; an approach that is used in modeling the organization and its functioning or some situation or project. It is significantly analogous to the Pareto principle or the bottleneck rule.
In accordance with the concept of CSF, it is fully sufficient to identify and select only those phenomena (factors) that are essential to the success of the organization or a particular project or plan. That way, the amount of observed phenomena can reduce to the order of the unit, instead of watching tens, hundreds or thousands of phenomena.
Use of the Critical Success Factors in practice: An analysis of the critical success factors is used in situations where it is necessary to identify key factors that may indicate failure, or vice versa. It is a universal analysis, which in its range of usage is similar to the SWOT analysis.
Some typical models of critical success factors are as follows:
Critical Success Factors models are used in change management using CSF.
CSF is similar to the techniques of organizational decomposition.