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10 causes of project failure.
- 3. 1. Poor planning and/or inadequate process It is important to define what constitutes project success or failure at the earliest stage of the process. Lack of planning leads to inadequate preparation, unexpected problems, and poor execution. “if you fail to plan, you plan to fail.”
- 4. 2. Inefficient way to document and track progress Tracking milestones is a crucial way to see if expectations are being met. Documentation and tracking also lets the manager identify which areas require more resources to be completed on time.
- 5. 3. Poor leadership at any level The management-level executive also has a responsibility of ensuring the project’s success. He/she should work together with the manager to ensure that the company’s exact requirements are understood.
- 6. 4. Failure to set expectations and manage them If and when expectations are not met, there should be clearly-defined consequences. The task should then be prioritized and possibly reassigned to a more competent individual.
- 7. 5. Inadequately-trained project managers It is important to assign management roles only to individuals who have the capabilities to meet requirements. In some cases, poorly-trained managers are assigned to complex projects; this is a recipe for failure.
- 8. 6. Inaccurate cost estimation When it runs out of resources, the project cannot be completed. This can be mitigated when the lack of resources is identified early by the project manager.
- 9. 7.Lack of communication at any level Communication between the management executive and the project manager, and between the team members are always important. Everyone should feel free to come forward to state their concern or give suggestions.
- 10. 8. Culture or ethical misalignment The culture of the company must prize competence, pro-activeness, and professionalism. If it doesn’t, the team members may not have the motivation to do their best. In essence, everyone involved must be concerned about the success of their undertaking.
- 11. 9. Competing priorities When a company’s resources are stretched, there will be competing priorities in terms of manpower and financing. Having good cost estimation at the start will eliminate this problem.
- 12. 10. Disregard of project warning signs When a project is on the verge of failing, there will always be warning signs. Taking action immediately can save the project. Otherwise, the whole endeavor can just go down the drain.
- 13.