Reasons Why Projects Fail Essay Example for Free

Reasons Why Projects Fail Essay In a perfect world, every project would be on time and within budget. But reality (especially the proven statistics) tells a very different story. Its not uncommon for projects to fail. Even if the budget and schedule are met, one must ask did the project deliver the results and quality we expected? True project success must be evaluated on all three components. Otherwise, a project could be considered a failure. Have you ever seen a situation where projects begin to show signs of disorganisation, appear out of control, and have a sense of doom and failure? Have you witnessed settings where everyone works in a silo and no one seems to know what the other team member is doing? What about team members who live by the creed Ill do my part (as I see fit) and after that, its their problem. Even worse is when team members resort to finger-pointing. Situations similar to these scenarios point to a sign that reads danger. And if you read the fine print under the word danger it reads, your project needs to be brought under control or else it could fail. When projects begin to show signs of stress and failure, everyone looks to the project manager for answers. It may seem unfair that the burden of doom falls u pon a single individual. But this is the reason why you chose to manage projects for a living! Youve been trained to recognise and deal with these types of situations. There are many reasons why projects (both simple and complex) fail; the number of reaso can ns be infinite. However, if we apply the 80/20 rule the most common reasons for failure can be found in the following list: Undefined objectives and goals Lack of management commitment Even with the best of intentions or solid plans, project can go awry if they are not managed properly. All too often, mishaps can occur (and usually do). This is when the project manager must recognise a warning sign and take action. If you understand the difference between symptoms and problems and can spot warning signs of project failure, your training will help you take steps to right the ship before it keels over. Yes, its the project managers responsibility to correct the listing no one else. In addition to applying the processes and principles tau ght in project management class, you can also use your personal work skills of communication, management, leadership, conflict resolution, and diplomacy to take corrective action. During the course of managing a project, the project manager must monitor ac tivities (and distractions) from many sources and directions. Complacency can easily set in. When this happens, the process of monitoring breaks down. This is why the project manager must remain in control of a project and be aware of any activity which presents a risk of project failure. Yes, this is why you are paid the big bucks. Tom Carlos has over 20 years of cumulative experience in business, technical, and training environments. Project Smart is the project management resource that helps managers at all levels to improve their performance. We provide an important knowledge base for those involved in managing projects of all kinds. With regular updates it keeps you in touch with the latest project management thinking. http://www.projectsmart.co.uk Reasons Why Projects Fail