Why Do Good Projects Go Bad?

StrategyDriven Project Management Article‘Why do good projects go bad?’ – This seems to be a question a lot of project managers end up asking themselves. This blog post presents some of the most common project management mistakes made by companies all over the world. By being aware of these issues, you will be able to increase your chances of success with all future projects.

An organisational culture that is not ready for project management

A lot of companies initiate project management when their organisational culture is not ready for it. For instance, individuals are given special project assignments, yet they are not given the resources, training and/or tools to execute them. Such a project culture is extremely unproductive and can lead to a significant loss of money. Nevertheless, the losses are not only monetary; customer retention rates are likely to drop as well. All leading project management consultants in the UK will tell you that preparation is the key to success.

Resisting change

Yes, no one wants to make changes to a project halfway through it. However, you are going to be one of the luckiest people on the planet if you get through a project successfully without any changes at all. Projects change all of the time. The best project managers and teams know how to adapt to this efficiently.

Not planning sufficiently

When it comes to managing a project, there is simply no getting around planning, no matter how tedious or boring you may find it. Frustration will kick in without proper planning, as you will end up missing project objectives, falling short of deliverables, exceeding the scope of the project, running over budget, and missing the deadline. This is because there will not be a clear definition of overall goals, what you need to achieve, who has what role, and what they are responsible for. Planning will increase efficiency considerably, and there will be a much better chance of meeting the expectations of the stakeholders.

Being exclusive

Another big error you can make, which could cost you your career in project management, is opting to be exclusive. This type of attitude can cause risks to crop in, as it generates a situation whereby team culture is fraught with animosity and trust. There will be a disconnect between you and the team, and this is something that is very difficult to rebuild.

Failure to acknowledge employee performance

Failure to recognise employee work performance through a project review is another common mistake made. The probability of your project being a success will fall if you do not recognise, assess and appropriately reward the work of your employees. You need to get everyone on the team behind the project. Often, employee job performance only reflects the work carried out in accordance to the individual’s job description, and therefore work assigned on a project is rarely assessed. This can cause employees to treat the project as secondary in importance. Therefore, make sure each individual’s role is clear and tell each person how his or her contribution will be evaluated.

Having a know-it-all attitude

This is something that will get you nowhere. In fact, even experienced project managers could benefit from project management training from time to time. Plus, when you can do any sort of training or degree online today, even an MBA study, there is no excuse for not expanding your knowledge or the knowledge of your team. There is always room for learning and growth, and indeed possible error. A lot of project managers get it into their head that they know everything because of their significant amount of responsibility and leadership. However, this attitude can hinder projects, as team members will not receive you very well and you will struggle to get them behind you. In addition, it is not only about learning in terms of doing different training courses and advancing your skill set. It is also about acknowledging any mistakes that have been made in previous projects and learning from these for the future.

Having too many projects in production at the same time

A lot of project managers make the mistake of thinking that it is more productive to start all projects at once. However, the opposite is true. If you have too many projects in production at the same time it is counterproductive. Why? Multitasking leads to a lack of quality and slows people down. Moreover, delays caused will intensify and multiply through the organisation, as individuals further down the line must wait for others to complete prerequisite tasks.

Not having a metric in place to define success

This is another big mistake that a lot of businesses make today when it comes to their projects. After all, how are you supposed to know if your project is heading down the right path if you cannot define success because you do not have any metrics in place? You need to have a clear vision of what the end user is going to be satisfied with and you need to outline relevant goals. If you do not do this, no one is going to have a collective, clear, and consistent understanding of what counts as project success.

Being inflexible and setting overly optimistic timelines

Flexibility is imperative when implementing any project. A lot of project managers make the error of providing overly optimistic timelines and being inadaptable with project tasks and assignments. Don’t turn away new information. Listen to suggestions and be flexible in achieving your goals. When it comes to timelines, be realistic. Missed deadline after missed deadline will only cause further aggravation and distrust on the part of your client.

Setting your project up for failure

There are also a lot of businesses and project managers that set the project up for failure before it has even begun. They do this because they provide deadlines and timelines that are overly optimistic. Yes, you want to lure the client in. But if you do so under false pretenses, it will only backfire in the end.

Not communicating with stakeholders and team members regularly

When you take any project management courses, one of the first things you will learn about is the importance of communicating regularly. In regards to your team, they will feel a lack of leadership and direction if you do not converse with them on a frequent basis. Moreover, executives and stakeholders can lose faith in your ability to make and execute sound judgments.

Failure to seek expert advice

Finally, if your project is failing, don’t be afraid to seek expert help. An outside perspective is always a welcomed one. Often we are determined to put the issues right ourselves, but when you become so involved in a project it can be extremely difficult to see where the real problems lie. A leading project management consultancy will review and troubleshoot your project to ensure it gets back on track and you achieve your goals.

As you can see, there are many different reasons why good projects go bad. Some of the errors that have been mentioned above relate to individual project manager mistakes. Some of them relate to business errors as a whole. Either way, they can all have a negative impact on your projects, which is why it is important to avoid going down these routes.

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How Agile Project Management Can Improve Your B2B Business

StrategyDriven Project Management ArticleAgile project management can seem to be complex and daunting to undertake but it doesn’t need to be. The key principles are the same as with traditional project management; organisation and planning must be undertaken before a project begins and then the project must be continually managed throughout to ensure it is being completed in the most efficient way. The difference is that agile management is specifically targeted at adapting the project as it progresses, ensuring the end result is more successful and meets the changing demands of the business or customer. As such, agile management can be extremely beneficial for B2B businesses.

Better Results

The success of projects is dependent on various factors, some of which are beyond the control your business. However, those elements which can be controlled should be carefully managed to ensure the success of your project. Agile management will take project management one step further. By breaking each stage of the project into separate components for completion, there is more potential to make changes to the project as it progresses. This can ensure that end result of the project meets the needs of the business. It also reduces the number of failed projects or projects which exceed their deadline.

Working Faster

Agile project management is a good way to increase the pace of your work. The careful planning of each stage of a project means that employees should have a clear indication of every action and step they need to take to ensure the project is completed. Although there is room for adaptation and flexibility, the general pace of competition should be much quicker. Agile management should enjoy workers productivity levels as there is more room for their input as the project progresses, enabling them to work in a much more efficient manner.

Keeping Up With Trends

A significant benefit of agile project management is that it enables businesses to keep up-to-date with the latest trends in technology and marketing or even software updates. These areas are constantly changing and developing, so being able to implement a new idea in the middle of a project without disrupting the schedule too significantly is essential.

Feedback

Agile project management enables regular feedback to be given on each stage of a project. This feedback can come from both the project manager overseeing the completion of a project and from the stakeholders. It also offers more opportunity for collaborative feedback, which improves communication between members of the team and allows them to raise any issues before they become a significant cause for concern.

Agile project management can require a significant change within a B2B business. It can be difficult to engage employees with a new method of working. However, this is a worthwhile undertaking for many businesses and can improve the success rate of your projects and your business as a whole.

Enroll in agile courses to learn more about the techniques involved, from communication to prioritisation, and how these can benefit your business.

5 Steps To Designing A Product

StrategyDriven New Product Development Article
Photo courtesy of Free Great Picture

So, you have an idea for a product? Before you start pitching to manufacturers, investors and retailers, you’ll need a final working prototype. The design stage is crucial – and the more thorough, the better. Some people will take their design through all manner of stages, but here are really the five main stages that you should be worrying about.

Brainstorm ideas

Before you embark on your design, it’s worth having a brainstorm session to cover every angle of your design. Consider your target market, the cost, the function, the materials and all manner of other factors. Your product should solve a problem – or satisfy a pleasure. Assuming that you want your product to make you money, consider how much of a need there is for your product and what you can do to make it more desirable.

Do market research

Market research can tell you many things – whether there is a need for your product, what changes you may be able to make to appeal to a greater market and what competition there is out there. A survey is brilliant way to assess these things (you can create these online and share with friends, family and strangers). You should also do a few Google searches of similar products. Read reviews to find out any criticisms, so that you can avoid your product suffering the same problems. You can even buy a rival product and dismantle it for inspiration.

Start designing

Start sketching away. You should begin freehand and then move onto designs with calculated measurements once you’re comfortable with exactly how you want it to look (you may wish to download graphics design software for this or hire professional designers). Come up with a few designs until you’ve settled on a favourite.

Create virtual prototypes

Before making working physical prototypes it’s often advantageous to make a virtual version. This will allow you to see your product in 3D and test various measurements. There are software and services that specialise in iterative wireframe development that can help you with this.

Create a physical prototype

Now it’s time to make a real life prototype. You may wish to start with models. From here you can build up to fully-working prototypes. Invest in the materials and tools you will need and get building. You may have to build several versions if you come across complications. Some products may be too complex to be hand-built and may require a complex set up of machinery – this will be costly but may much needed in order to get a fully working prototype. Find a testing team to trial your product once you have a fully-working prototype. If they mention any issues, you have to go back and make some changes. After a lot of hard work and patience, you will eventually have a final product that you can start pitching. This is only the beginning of your journey – you now have investment, marketing, distribution and all manner of other things to consider – although providing you’ve followed all the designs steps up until now, your product should be pretty flawless and getting people to help in these areas shouldn’t be too hard.

Top Project Management Challenges

Did you know that organizations lose $109 million for every $1 billion invested in projects and programs? It’s a staggering number to consider, and even more shocking, it’s due in part to the fact that over the last year, less than a third of all projects were successfully completed on time and on budget. Problems like this encourage the trend for employees to continue their education with programs like an online Six Sigma Green Belt.

Ask any project manager, and you’ll hear that one of the top problems that they face is a high tolerance for failure. Extending due dates, forgetting tasks and cost overruns are so common that they are considered a part of the process. However, we certainly do not extend the same liberty to other professions like engineers, doctors and pilots.

A high performing project manager needs a way to track projects from start to finish, get the team on board to work together towards a common goal and get more done on time and under budget. Excel spreadsheets and emails are two ways to accomplish this, but most managers should use a project management methodology to stay on task.


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About the Author

Fred MouawadFred Mouawad is a global citizen, serial and portfolio entrepreneur, and founder of Synergia One Group of Companies and CEO of Taskworld. He has expertise in building comprehensive management systems that are based on direct experience, academic research, ISO standards, and Lean Six Sigma. In his free time, Fred likes snow skiing, jet skiing, motorcycling, and scuba diving.