Managing the Risk of Critical Initiatives
by Clerestory Consulting
The REAL Reasons Projects Fail
Although improving, the failure rate for technology projects is unacceptably high. Learn five critical pitfalls that promote project failures, and how to avoid them.
Most corporate initiatives fail. In fact, countless studies, published research articles, and legendary horror stories suggest more than 60% of corporate initiatives fail to meet their objectives.
Corporate initiatives can cost tens, even hundreds, of millions of dollars. Their objectives, their reasons for existence, and their budgets greatly vary. Yet, they have many things in common. Most of them fail for the same reasons.
Poor project management, lack of sponsorship, or unclear requirements are often cited as culprits. However, many large initiatives still fail even when none of these conditions exist. Projects fail, not from a lack of sponsorship or project management rigor, but because technical details often overwhelm the business essentials. Five subtle, yet enduring, pitfalls are frequently overlooked, but have a profound impact on success.
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