Preventing Project Failure

Project Failure

Why do projects fail to meet our expectations? And why the bigger the project the bigger the chance of not meeting our expectations?

The answer is very simple – a lack of good Business / Project Planning.

Specific key requirements to good Project Planning include:

• The project vision analysis – what is the need and is it achievable?
• What are the individual steps required to complete the project?
• What are the consequences of a step not working and can it be easily rectified?
• Do we have the expertise to complete the project and, if not, can it be acquired?
• Do we have the resources to complete the project and, if not, can they be acquired?
• Do we have the budget to complete the project – robust forecasting?
• Can the project be completed in time to meet its anticipated need?

Successful projects usually have very good Project / Business Plans.  Rushing or not completing a Project / Business Plan will generally lead to the project not meeting its key expectations, resulting in either a combination or all of the following:

1. Significant budget overruns
2. Significant time delays in completing the project
3. Failure to meet the anticipated benefits of the project

From using our Rapid Profit Radar Diagnostic, we at Into the Blue NZ Limited have found that the cause for most projects failing to meet the three above expectations is simply a lack of good planning.

If, like many businesses, you don’t have the experience to complete a good business or project plan, then give us a call to discuss how we can help you with this business or project critical necessity.

And we’re not afraid to put our money where our mouth is because, if you engage us, Into the Blue offers most mature businesses a Zero-Risk policy… No Improvement – No Fees.

For more information please either reply to this post or email profit@intotheblue.co.nz