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What is a major cause of project failure?

A 2009 study conducted by IAG Consulting found that 74% of companies were presenting low levels of requirements to their employees, resulting in project failures.

In 2014 a Pulse of the Profession study concluded that low levels of requirements were still the primary cause of project failures at 37%, up from 31% in 2013.

This study proves that companies have not put forth the effort to progress the delivery on their requirements. Presenting their requirements works well if they have a good team leader who can deliver them accurately to the rest of the team. If requirements are failing it seems that the only explanation is that the company is failing to develop the skills in their team members.

Time is money and companies are wasting their time by constantly having to redo projects. Training employees to their fullest potential from the start will save money on project turnovers and failures.

PMI found that $51 million in projects and programs was being wasted for every $1 billion spent. “That’s a lot of potential value falling through the cracks in the project-driven world”, say the experts at PMI.

In order to turn this around companies need to focus on three critical areas to approve the delivery of requirements: people, processes, and culture.

When it comes to people, companies need to make sure they are delivering the proper resources and requirements of solutions for projects and programs, as well as develop the needed skills in their people.

As for processes, companies need to make sure they have a standard process put in place so there is no confusion among the people who will be working those processes.

Lastly is culture, which is the most important of the three critical areas to approve delivery of requirements. Companies need to “create a sense of urgency” so that workers can fully value what they are trying to accomplish. The skills necessary to develop effective requirements are crucial to developing anything on time, on budget, and to the customers’ satisfaction.

You can view the original PMI report here.

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