PM4K QUOTES 005: PROJECT IS A COMBINATION LOCK

((QUOTES @ PM4K))

"A Project is like a combination lock. To strive for project success, your job as a project manager is to find the right numbers, in the right order."

[Mathew@PM4K]

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PM4K NEWS 003: SATYAM LOSES RAILWAYS’ CONTRACT

((PROJECT MANAGEMENT NEWS @ PM4K))

BANGALORE: Indian Railways has cancelled a locomotive management system (LMS) contract awarded to Satyam Computer Services (now Mahindra Satyam) in January this year, after the company failed to meet the deadline for submitting required financial details and start working on the pilot project.

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[Mathew@PM4K]

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ASSOCIATED CONTENT: PM BASICS- WHAT IS A PROJECT?

PM BASICS: WHAT IS A PROJECT? @ ASSOCIATED CONTENT.COM

[Mathew@PM4K]

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PM4K DISCUSSION 002: TOP #1 CAUSE OF PROJECT FAILURE

From experience, the following are the TOP10 causes of Project failure that Mathew can think of (they are not in any kind of order):
#1. Lacking Sponsor's Involvement/Ownership
#2. Halo Effect (Wrong Man for the Job)
#3. Poor HR Management
#4. Poor/Inadequate Project Communications
#5. Ignoring Project Stakeholders
#6. Absence of Risk Management
#7. Scope Creep/Unrealistic Expectations
#8. Lack of Monitoring of Plan
#9. Absence of a Project Management Methodology
#10. Simply BAD LUCK :)

You may feel free to chose any of the above and/or add a cause from your own experience that you think is the most recurring reason for project failure.

Looking forward to sharing & learning.

[Mathew@PM4K]

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