Understanding why projects fail
Why do projects fail? The majority of the time, projects fail because of unclear processes, or strategies or perhaps it can be due to poor scheduling and cost management. By definition, A project is said to have failed when it has not met the necessary requirements. More specifically, when a project falls short of set expectations.
In order for a project to be considered successful it must:
- Deliver to cost
- Deliver to quality
- Be on time, on schedule and within budget
- Satisfy the requirements outlined in the initial plan
Unfortunately, even if all of these above criteria are met – projects can still fall apart at the seams. That’s just the way the project management cookie crumbles. So instead of sitting at your desk stressing about what went wrong, remember that everyone experiences a project failure from time to time. In fact, to prove it, here’s a Dilbert clip entitled “Why Projects Fail” that’s resonating with project managers all over the globe.
Related blog posts:
What is Project Management? – A Video Infographic (the video version of this infographic).
What is Project Management – Infographic slide (the PowerPoint version of this infographic).
What is Requirements Management? – A Video Infographic