How to Recognize Project Failures and Initiate Project Recovery
This paper is to feature the importance of recognizing several causes of project failures and initiating the recovery of the construction projects at the initial stage. Project failure can happen to any organization and to any level project. There are numerous reasons for failure and sometimes it is out of control of a project manager or team members to control failure. Failed projects and people involved with the failure have few things in common. In such cases, they are directed for quick fixes which typically prove to be ineffective and sometimes causes catastrophic side effects. In this paper, we will discuss and emphasize several factors causing project failures, how to classify and categorize project failures, how to conduct, plan and develop an assessment process for project failure. With these key focus areas for assessment, project controls and management review process could be analyzed and can be selected. The study will also help to clarify the necessity and a suitable process an organization should develop to analyze project failures.
PMI Talent Triangle: Technical Project Management