Most of our periodic plans have failed to meet their targets. What might be the cases behind their failure?
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The same analogy can be applied to strategic initiatives and project plans. With so many factors, it can certainly be difficult to estimate plans accurately. However, there are plans and there are plans. There are plenty of reasons why bona fide project plans can and do fail. The good news is that these can be addressed preemptively with project management tools that help you reduce the likelihood of a nuclear meltdown.
1. Unrealistic goals or lack of focus and resources
2. Plans are overly complex
3. Financial estimates are significantly inaccurate
4. Plans are based on insufficient data
5. Inflexible/undefined team roles and responsibilities
6. Staffing requirements are not fully understood
7. Project scope inflexible to changes
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