Why do Projects fail?
- Project fail mainly because of two reasons:
- Failure of estimation and
- Failure of implementation.
- Other reasons are:
- Initial cost and schedule estimates are not revised when more information becomes available as the project progresses.
- Plans are not used correctly or used to guide the project forward.
- Project managers are not trained to acquire the necessary skill base; subsequently, the same mistakes are made repeatedly.
- The theory of project management is not put into practice. This point can be seen in the attitude of many managers who view theory as a waste of time—yet time is found to repair errors later. Isn't that a sure sign of the wrong approach?
- The project scope changes.
- The incorrect project methodology is used.
- Requirements have major changes.
- Communications are poor.
- Testing and/or inspections are poorly done.