Your company is having difficulties completing all projects? This might be a product of one or more most common issues that cause projects to fail. Knowing how to identify and counteract these key issues can bring you one step closer to being a part of only 3% of the companies that finish all of their projects.
And what are the main reasons why projects fail? As a matter of fact, as many as 46% of all businesses admit that they don’t have full understanding of project management. But that is just a tip of the iceberg. The biggest project management challenge the companies are facing is not knowing exactly how much time (and money) they need to set aside for the project. It’s most often too much or too little.
Accurate resource estimation is a big challenge for most companies, but those who master it have a much better chance to satisfy their client needs, predict and assess them in advance, and assign the valuable resources when and where trey’re needed most.
Flexibility is also one of the most common issues. Many project managers fail to realize the point where their projects need re-assessment. That’s why keeping the projects on the right track require managers to constantly monitor their progress, watch out for problems, and take corrective measures.
Having said everything, we hope that this infographic will hopefully point you in the right direction when it comes to identifying the top reasons why projects fail.
Score from the experts at Killer Infographics
Visual Communication - 85%
Design - 95%
Content/Script - 95%
Usability - 90%
This infographic, outlining some of the top reasons why projects fail, is well crafted and engaging. Visual metaphors and data visualizations do a good communicating the information quickly, and the design style and color palette are nicely understated. The content is well written and to the point, and the layout works well. There is some room for improvement—varying the pie charts, fixing a few typos and design errors—but overall we'd give this piece an A!