Key takeaways:
- What are common reasons for project failure? Leading causes include budget overruns, slow progress, and missed deadlines.
- How widespread is project failure? Businesses of all sizes experience significant losses, often totaling hundreds of millions in failed projects.
- What are the symptoms of a failing project? Signs include constant budget increases, lack of progress, and pressure on deadlines.
- Are there solutions for project success? Proven strategies are outlined in the accompanying infographic.
- Where can I find more project management insights? Check out the Complete Collection of Project Management Statistics for additional data.
Are your projects thriving? Or are they suffering from swelling budgets, sluggish progress, and strained deadlines? If your hard work is constantly in danger of flatlining, know this: you’re certainly not alone. There’s an epidemic of failed projects afflicting businesses of all sizes, with organizations hemorrhaging hundreds of millions of dollars in lost funds.
In the infographic below, we lay out the leading causes, tell-tale symptoms, and proven cures for project failure.
Share our prescription for project success on social media, or post it to your own site with this embed code:
For more insights into project management facts and figures, check out our Complete Collection of Project Management Statistics - 2015.
