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Project Failures (Poor Performance (No use of formal methods and…
Project Failures
Poor Performance
No use of formal methods and strategies
Shortage of experienced and trained workers
inadequate supervision
Loss of discipline
Excessive bureaucratization
Expanding into new fields that are outside of the company's core competencies
Use of new or unproven technologies/methods
Ineffective (or nonexistent) quality controls
Supply chain failures
Lack of qualified resources
Poor Project Management
Inadequate risk management
Failure to track requirements
Poor management of expectations
Failure to track progress
Cultural differences in global projects
Lack of effective communication at all levels
Lack of understanding of company policies and procedures
Poor schedule
Poor resource management
Poor Planning
Lack of detail in the project plans
Inaccurate time and effort estimates
Poorly defined project scope
Failure to identify key assumptions
Lack of contingency plans
Weak requirements definitions
Poor impact analysis
Working under constant and excessive schedule pressure
Poor Leadership
Project managers who lack experience and training
Ineffective leadership
Key staff leaving the project
Inadequate supervision
Lack of interpersonal or organizational skills to bring people together
Poor Accounting
Lack of cash flow
Inability to predict cash flow
Inaccurate cost estimations