The success or failure of a project essentially depends on the project manager. For a project to be successful, a project manager needs to be well-accomplished as well as efficient. He/she must know how to get the work done from the members of his/her team. There are other crucial factors which decide the destiny of a project. It takes thorough attention, planning and persuasive communication skills to make a project flourish. In this article, you will come across what factors lead to the success of a project and what factors lead to its failure.
Factors That Lead To Success of a Project
- Smart People
It is impossible for any strategy or plan to succeed without the right members in the team. Each member who is involved in the project must commit to the group and aim for overall success. The core team members tend to perform better if they acquire a business management certification as it helps them in better understanding of their work.
- Resourceful Planning
All-inclusive planning prepares a project to succeed right from the beginning. Comprehensive planning helps the team members in meeting the deadline decided by the project manager. It also keeps them organised as well as focused. Not only this, but a resourceful plan also keeps updating the stakeholders about the progress of the project.
- Persuasive Communication
Paying attention to detail and keeping an ear on the outside sources of information is necessary for a project to succeed. You must pursue an online project management course from IIM Raipur in order to polish your communication skills and if you wish to be an outstanding project manager.
Factors That Lead To Failure of a Project
- Incompatible Communication
Many studies have proved that 57% of the projects end up failing due to inconsistent communication, thus becoming one of the crucial reasons for project failure.
If you wish to be a project manager with a record of zero project failures, you are highly recommended to pursue a business management certification. It can help you in building excellent communication skills.
- Inefficient Planning
Weak planning can fail your project very easily. As an aspirant, while pursuing an online project management course from IIM Raipur, you need to exclusively focus on planning to make efficient layouts which can lead your project to success.
- Unrealistic Expectations
A study of KPMG Canada has proved that approximately 60% of the projects have failed because they had deadlines of less than 1 year.
These projects had to accept defeat because the deadline was impossible to be met and the expectations were unrealistic. As a project manager, you need to keep in mind what your team members are capable of. You need to be smart enough to set a deadline that can be met if the team members worked hard. You can understand the practicality of project management by studying an online project management course from IIM Raipur.
To Sum It Up!
It is not too challenging for a project to succeed if the project manager is capable of making it happen. You must earn a business management certification which can help you in becoming a visionary as a project manager.