Analyzing why Projects can Often Fail in Business
Analyzing why Projects can Often Fail in Business
This essay will evaluate the reasons why projects fail with some of the factors involves in the failure of a project. This will also include some suggestions to improve the project, as well as different types of tools that can be used to avoid the reasons for failure project. There will be some examples of various types of project that has been carried out in recent years.
There are many projects fail to live up to their potential. Some projects fail to gain their schedule or budget goals or fail to deliver everything originally promised. Other projects easily fail altogether. Many of the problems confronted by projects can be eluded or at least accommodated by effective project management practices. Any project does not matter how important it is; there is a possibility that it might be unsuccessful. Perhaps the most dangerous project management attitude would be to deny failure is a possibility.
There are some main factors that plays a great role in the failure of a project they are:
Political
Lack of visionary leadership
Lack of resources
Organization culture
Wrong technology
Need and customer focus lost
The detail description of the above factors are as follows – usually large projects that are undertaken for example IT projects cut across departments and as a result employees are forced to change the way they work, which affects the culture of the whole organization. This kind of change make employees and middle manager’s scared, consequently can create bureaucratic road locks which affects the project’s chances to succeed.
The problem of many businesses that they consider the project such as IT project merely implementation of a technology, that is where they make the mistake every manager needs to see the project as an organization change as a whole. In order to prevent such a problem somebody from the company must make it clear that every department needs to share information that they may have stored in the past. When IT projects fail, it may seem that the IT failed but it is virtually because of the organizational change failed.
Lack of user input is the one of the main factor of failing a project like Information Technology. It is necessary to discuss the project with everybody involves in the outcome of a project....