Lets be under no illusion projects do fail and it is important to understand why to ensure this does not continue to happen. This blog will look at key factors and explain.
Often projects start with a clear goal and very clear requirements however, this often changes when more requirements are being added to the project and are not being put in order of priority based on what needs to be done first and what can be done later. As a result, this leads to confusion down the line and constant delays in the final delivery if your working in a waterfall environment or delays in incremental delivery if your working in Agile.
Starting too early
Especially when a project is unique there are alot of people excited within an organisation however, there is a danger that before a project is ready with clearly defined requirements the project starts. Due to a lack of proper planning projects start and money is wasted on the wrong things and misunderstandings occur amongst the teams involved.
Initially when calculations are made for projects there are times that stakeholders can make major underestimates however, this can completely damage the chances of a project reaching the stage of completion. Even with a tolerance when inaccurate estmations are being made this kills the chances of the project reaching completion. It can be hard to make good estimations when there is new technology in the picture however, it is better to make over estimations than underestimations causing the whole project to fail.
In this blog we have highlighted three reasons why alot of projects that had a promising future failed to deliver. It is essential that all organisations are aware of these factors and play cautious when needed.