In this world every project is planned and meant to get completed right on time and within the predefined budget. But reality presents a totally different story. It's not uncommon for projects to fail. Today, even if budget and schedules are met, one must ask "did the project deliver the results and quality we expected?” True project success must be evaluated on three components i.e. time, quality and cost, otherwise a project could be considered a failure.
When projects begin to demonstrate signs of failure, everyone looks to the project manager for answers. It may seem inequitable that the burden of doom falls upon a single individual, but being a project manager, he or she must be able to recognize and deal with these types of situations. It is essential for project managers to have a better perceptive of the enterprise's business objectives so that they can continually measure their projects in terms of delivering these business objectives.
These days, business requirements change frequently and so it has become vital for project manager to be fully aware of the issues at a business level. Even a project that delivers the planned scope within time and cost may be deemed unsuccessful because its deliverables are no longer relevant to the business. the question is why project fails? Have you ever wondered why some projects go smoothly and others seem plagued with problems?
There are many reasons why projects (both simple and complex) fail; the number of reasons can be infinite. Some projects do not meet the strategic vision of the company. If business needs are not clearly defined, it will result in a project that does not add value to the bottom line or enhance business processes. Apart from this, some projects also fail due to in-complete project scope and unclear definition of the project's benefits. Moreover, inadequate funding, and incorrect budgeting is still a main cause for projects not delivering their objectives within the quality framework.
In addition to this, the lack of enforcement of policy and procedures also cause a project failure. Even though a policy has been established, it is not enforced. As a result, inconsistent results emerge. If a standard and consistent approach to project management is devised by a company, it must be routinely policed in order to assure accuracy and uniform results. It is one thing to enact legislation, quite another to enforce it.
Even with the best of intentions or solid plans, project can go awry if they are not managed properly. Thus it's the project manager's responsibility to correct the listing no one else. During the course of managing a project, the project manager must monitor activities (and distractions) from many sources and directions.
1 comment:
Ya I do agree with your reasons, but as per my opinion the major reason is people management. Every project involves a manpower and in most 90% cases project fails because of improper communication and lack of proper co-ordination or irresponsibility.
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