Thought Leadership

Thought Leadership

Four Reasons for Project Fails—and How to Prevent Each One

 

We’re living in the golden age of failure, where tech culture embraces a “fail fast” mentality and celebrates lessons learned from missteps. But when it comes to that upcoming project you’re leading, given a choice, you’d much rather succeed.

But the truth is, whether they’re delivered late, go over the budget, or they don’t meet expectations, many projects do end up failing. The 2017 Pulse of the Profession survey from the Project Management Institute (PMI) reports that poor project performance leads to $122 million wasted for every $1 billion invested.

Beyond monetary losses, there’s the negative impact on team morale and the time you can never get back. For these reasons and more, it’s wise to learn the main reasons for project failures—and how you can stop them in their tracks.

To find out the four reasons for project fails, and how to prevent each one, click on the link below:

 

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Article from Trello Inc. | Source: https://blog.trello.com/project-fail | By Amy Rigby