Lebanon Valley College’s 11-week, 100% online, Path to Project Success Program
On: September 12, 2016 Filed Under: Member News
Top 3 Reason Why Projects Fail
Dr. Emad Rahim, PMP, CSM
Lebanon Valley College Professional
Studies Corporate Faculty
Rapid globalization of business means organizations must significantly increase its capacity to accurately manage information and data. In response to this growing capacity demand, more discussion is needed to develop effective project management processes and approaches.
Many new product developments are cancelled before completion and never implemented. Researchers have indicated that most projects fail because of poor project management skills. In these failed projects, estimation mistakes, lack of clarity, and unstable goal and objectives were cited as core problem areas. Below are additional areas of concern as described in the article, Why Web Projects Fail.
In more traditional functional organizations, project managers often lack the time to appropriately plan because of the pressure from senior management, and as a result, the project is performed before the plan is appropriately defined.
Unclear Goals and Objectives
Projects must have clearly defined requirements, the absence of which can create timing delays and communication bottlenecks. If a project manager lacks the experience to describe the type and the extent of resources he or she really needs, the project is at risk.
Information systems need to be aligned with the organization’s business objectives. When discussing alignment, it is important to address market share, customer satisfaction, employee engagement, corporate citizenship and innovation. To begin, companies must properly assess everything, and then align its findings
Interest in project management is expected to increase in the near future, partly due to rapidly developing globalization and growing awareness of knowledge management. Companies must manage a wider range of coverage, increasingly complex information system architecture, and the rapidly changing environment. In order to face such challenges, senior project managers must create a portfolio management model that is aligned with business goals. It will help the project manager and the team to maintain control over corporate assets and project processes. Furthermore, the project manager should be aware of the common mistakes that destroy business projects and learn from the identified mistakes. These learning experiences should be captured in a repository as “lessons learned” so the successors do not make the same mistakes.
To avoid making these costly mistakes and to lead your organization’s next challenge with confidence, consider enrolling in Lebanon Valley College’s 11-week, 100% online, Path to Project Success Program. The next cohort starts Oct. 3. Members of the Harrisburg Regional Chamber of Commerce are eligible for a 10% Preferred Partner Tuition Discount. Learn more here.
Contact: Beth Romanski, director of professional studies, 717-867-6336, firstname.lastname@example.org.