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Essay On Why Projects Fail

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“WHY PROJECTS FAIL- TOP FIVE REASONS”
Project failures are not uncommon. Projects are considered as a failure if it does not meet the three components that it has to deliver, that are, result, quality and budget and schedule. Inspite of the new tools and techniques projects get tricky under pressure to deliver a successful outcome. Companies invest millions into projects and they fail to lead them to success. My research online for the project failure rate gives a number that is pretty high, 74% of information technology projects fails. My intention in writing this paper is to share my knowledge about the reasons why projects fail (Top five reasons from my research online).
The following are the top reasons why the projects fail:
Lack of Leadership:
In most cases I could see that leadership as a dominant factor for the failure of a …show more content…

And, as you will see, all of the reasons that projects fail are related. However, clarity stands on its own because projects fail to deliver the results when the results have never been specified. Projects does not fail at the end, it fails at the beginning right here at the stage 2. Unclear objectives, inadequate definitions and scope not fully defined are the major causes behind it. For an effective project the results should be clearly mentioned among the team.
Gap in Communication:
One common issue nowadays is that the communication gap between the team members, once the project is in full swing. Most of the members communicate through emails and once a new member joins the group in between the ongoing project, there is no centralized view of the project history. Group mailing by the team members saves the time but at the same time reduces the efficiency of the outcome by creating confusion among the members on their goals and objectives.
Little or No Due Diligence is

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