What Causes Project Failure?
Posted on October 3, 2008
Filed Under Communication |
I read a great post today from Management-Issues.com discussing what leads to project failure within organizations:
“New research carried out by training company VitalSmarts and professional services firm, The Concours Group, has uncovered five crucial issues –what they term ‘crucial conversations’ - that have an enormous impact on whether high-stakes business initiatives succeed or fail.
The study, “Silence Fails: The Five Crucial Conversations for Flawless Execution“, suggests that when even one of these crucial conversations fails, a silent crisis plays out in a deceptively simple dynamic that results in initiatives failing 85 per cent of the time. The result of this failure sees projects going over budget, missing deadlines and failing to meet quality and functionality specs. Team morale is inevitably damaged in the process.”
Read the full article “Silence - the root cause of project failure.”
Access the survey results here.
Some key findings include:
- Major business initiatives, projects and programs fail at a rate of 85 percent when leaders fail to address one or more five common business issues.
- 90 percent of business leaders face the five common business issues routinely but only 17 percent are able to get their concerns heard and understood.
- Business leaders who successfully address one or more of the five issues are 50-70% more likely to fully achieve project objectives.
How strong are your communications skills? How strong is your organizational leadership? Read more about how to strengthen leadership communication to increase efficiency and productivity in your business.
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Dave Brookmire - CPS President
David Brookmire, president of Corporate Performance Strategies, is a seasoned executive advisor and recognized authority on organization and leadership effectiveness. He and his expert staff contribute business strategies and insights on this blog for senior executives and business leaders.
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