Risk Management

The Factors You Can Learn from to Avoid Project Failure

Everyone wants to avoid project failure. But it happens anyway, for myriad reasons. One of them is that projects are rushed into existence as new “critical” priorities and not enough time is dedicated to actually understanding them. In a post for the Association for Project Management, Bruce Phillips falls back on the “three wise men” to help avoid project failure:

  • People
  • Process
  • Technology

Factors to Flip Failure to Success

The first “wise man” Phillips says we can learn from is people. Keeping them truly motivated can do wonders for creating a supportive organizational culture. When hiring, striking the right balance of worker bees and leaders will increase odds of success. In addition to finding the right talent, the processes in place are equally important. The plan should have just enough rigidness to keep it grounded, but enough flexibility to ensure it can change as the project dictates.

The third “wise man” is technology. He stresses that acknowledging the importance of data and information in relation to innovation and technology is the way of the future. He recalls his own experience to state how looking for the right tool can be beneficial:

In my experience, tools and technologies (even Excel!) can support a benefits-led approach, so embrace them, but always ensure that they are a good fit to your organisation and business processes. Organisations must know what they require of a tool before they commit to one and they should be able to implement the processes ahead of embedding the tool ensuring improved efficiency.

While each of these processes may seem to foster results individually, their integration together is the key to success. Making sure the right people are in place to implement these processes ensures that there will be a decreased chance of project failure. Yes, this is a familiar notion by now, but it is worth repeating.

You can view the original post here: https://www.apm.org.uk/blog/factors-to-learn-from-to-avoid-project-failure/

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