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10 Major Causes of Project Failure

Project failures happen for a number of reasons. Advancing your planning process and understanding common pitfalls that lead to project failure can help you prevent them. Here are the ten most agreed-upon causes of project failure.

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10 Major Causes of Project Failure

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  1. 10 Major Causes of Project Failure

  2. . Lack of Planning  Benjamin Franklin rightly said that when you fail to plan, you plan to fail. Poor planning is the root cause of project failures. A project's success relies heavily on defining in detail the scope, each member's role, and the time frame. Lack of concrete planning exposes a project to unprecedented risks and issues. Wastage of quality time is bound to occur when you try to figure out ways of solving challenges after you kickstart the project.

  3. Lack of Transparency  Complete project visibility for every person related to its completion is a must to avoid failures. You must maintain transparency not just with the project manager but with other team members too.  Solution: Clear guidelines, effective communication, timely meetings, good document management, and honesty in commitments help maintain the much-needed transparency. Project management software has stood the test of time for transparency maintenance.

  4. Lack of Communication  PMI's report revealed that companies risk approximately $135M for every $1 billion spent on a project. Nearly $75M of that $135 million (which translates to approximately 56%) is put at risk by ineffective communications.  Poor communication results in misunderstandings in the workflow and, consequently, a weak return on investment or even loss of revenue. Communication has the power to spell either the success or failure of a project.  To know more visit our website- PMP CERTIFICATION

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