Why Projects Fail

The Everyday PM: Project Management Principles for Your Everyday Life

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3y ago 40:34

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Mark Woeppel is a management consultant working to improve operations performance in project management and processes. He frequently writes on the subject of execution performance, having written four books and many other publications. With extensive experience in oil & gas, consumer products, IT, many manufacturing industries, Mark is a highly sought after subject matter expert in eCommerce Branding, project management, operations management, performance management, and continuous improvement.

According to Team Stage who ran statistics on project failure, it's about 70% of projects that fail; of which 42% of companies don't understand the need or importance of project management and 55% of PMs cite budget overrun as a reason for project failure. Mark is the author of several books and e-books, including one titled "Why Do Projects Succeed or Fail? 12 Factors That Really Make a Difference." In this conversation, we talk about project failure, why it happens, and what we can do to avoid it.

Here's a sneak peek at the topics we cover:

- Why do projects fail?

- How do you define project failure?

- Early warning signs of troubled projects and how to stop them

- Why does "good enough" work well in the project execution maturity model approach?

Enjoyed this conversation with Mark and Greg about why projects fail? Want to learn more about Mark's work on the project execution maturity model? Leave your thoughts and feedback in the comments section below! Make sure to follow Mark, Greg, and me on LinkedIn for more.

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Download Mark's e-Book! http://projectsinlesstime.com/wp-content/uploads/2021/10/WhyProjectsareSuceedorFail-PEMM.pdf

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Follow our hosts on LinkedIn! Ann Campea, MSPM, MPH, PMP | Director of Project Management at One & All: https://www.linkedin.com/in/anncampea/

Mark Woeppel | President of Pinnacle Brands: https://www.linkedin.com/in/markwoeppel/

Greg Christensen | Vice President of ProjectHub.com: https://www.linkedin.com/in/greg-christensen-7b97648/

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