Common Project Management Mistakes, Their Implications, and Solutions
According to a 2019 Project Management Institute survey, organizations lost about 12 percent of their total project investments because of poor performance. Unfortunately, this value has not gone down for the past 5 years. Even though more companies are using standardized project management practices, a significant amount of their efforts continue to go to waste. One probable reason is that the business landscape is changing too fast brought on by advances in technology and disruptions. Keeping pace is becoming very challenging. Another reason is that project teams are committing the same mistakes over and over again.
Common PM Mistakes
Although projects are usually different from one another, the issues that affect them are quite similar. Here are some of the common project management mistakes that are the usual suspects for its failure.
1. Poor project initiation
The PMBOK identifies 5 project management phases or lifecycles. The first one is the project initiation phase. Most experts believe that it is the most crucial among the phases. A common mistake that usually happens here […]