Why Do Projects Fail?
Why do projects fail? On the outside, it may seem that individual differences, lack of leadership, and even a lack of time are the leading causes of project failure. However, from a management perspective, there are issues inherent within the system which contribute to project disaster, time, and time again.
These issues are the reason behind why dose projects fail:
1. Scope Creep
The scope covers what your team will and will not be doing in the project. Once what project work needs to be done is figured out, guard against surprises. Any changes that occur must be issued through a planned process, i.e., new schedules, revised budget, and risk, etc.
2. Over-Allocated Resources
Too often, there are only a handful of resources available, yet several projects that need to be completed. Also, many managers are not aware of how their resources are being used. Avoid this misstep by holding weekly meets to address resource usage.
3. Poor Communication
Excellent communication starts with your leader, the project manager. If he or she is not clear, unresponsive, or vague in their conversations, you can expect confusion and chaos to follow. The weekly team meets, and daily check-ins with your leader is an excellent way to address issues and keep everyone in the loop.
4. Unreliable Estimates
Estimates are guesses made by team members who are attempting to ascertain how long specific tasks will take. They can be entirely right or wrong. If it’s the latter, it leads to poor scheduling and increased risks.
5. Lack of Risk Management
There is an element of risk associated with each project. When we attempt to quantify or qualify this uncertainty, it is called risk. It lies upon the manager to be proactive in identifying these risks. Once they’re identified, the entire team can decide how to avoid or mitigate them if they happen.
6. Poor Team Planning
One of the best ways to start a meeting is by involving the team in a planning session. This encourages everyone to work together on the project’s artifacts, i.e., schedule, tasking, etc. It also encourages team bonding.
7. Controlling and Monitoring
Some project managers will create schedules but rarely update them. Many fail to record work accomplished, or estimate work pending, or date started. With a lack of monitoring and controlling measures, how can you expect a project to continue on the right path?
What’s a permanent way to eradicate project failure?
ALL of the issues mentioned above can be eliminated by using a project management tool. These tools provide many benefits, including a single platform for communication, resource allocation, regular updates, access to schedules, and much more.
Get in touch with ViduPM to learn more about our project management software.