Is This Why Your Company Projects Fail?

by | Feb 13, 2023

The Project Management Institute (PMI) have identified in the attached image the following primary reasons for project failures. It clear a Project Manager has a lot to think about on a project. It’s not simply just having a process or methodology in place and thinking all will be fine. In fact, processes don’t execute projects, people do.

So as can be seen from the above there is no single factor when it comes to stopping project failure. It depends on many factors such as the scope of the project, available resources, stakeholders’ expectations, and potential risks.

So now we know the primary causes project failure, what are some of the common practices that can help increase the chances of success?

When I was managing projects, I called this list my magnificent 7 of things to do.🎯

  1. Clearly define the project objectives and scope:

Having a clear understanding of what the project is trying to achieve and what its boundaries are, and ensuring everyone is aligned and focused on the same goals.

  1. Develop a comprehensive project plan:

Develop a well-structured project plan with a timeline, budget, resource allocation, and risk management strategies.

  1. Assign roles and responsibilities:

Make sure each team member understands their role and responsibilities, as well as how their work fits into the overall project plan.

  1. Foster effective communication:

Establish clear lines of communication between team members, stakeholders, and other parties involved in the project, with regular meetings and updates to help keep everyone informed and on track.

  1. Monitor progress and adjust as needed:

Regularly monitor the progress of the project, identify and address potential issues, and adjust the plan as necessary to keep the project on track.

  1. Manage risks proactively:

As much as possible anticipate potential risks and develop contingency plans to minimise their impact if they do occur.

  1. Stay flexible and adaptable:

Be prepared to make changes as needed, while still maintaining focus on the overall project goals.

I had great success by following my magnificent 7. However I can’t guarantee you’re projects will be a success, but if these points are followed it will significantly increase the chances of you delivering a successful project that meets the needs of all stakeholders involved.

If you or your organisation would like to more about how my coaching and courses can contribute to your project management success, then click on the link in my bio, or send me a DM to arrange a call to find out more.

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#leadership #success #coaching #productivity #teamengagement #projectmanagement #communication #collaboration #projectmanagers

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