The Hub Commentary
Unclear requirements, ambiguous priorities, lack of resources and unrealistic timelines are all notable reasons for failed projects. But these are only a few…check out other obstacles that cause many projects to crash and burn and the strategies to recover those failed projects.
Failed projects are costly, so a sound project recovery strategy can pay off handsomely. A new study from project management firm PM Solutions, “Strategies for Project Recovery,” says the average American company manages $200 million in projects each year, with perhaps one-third of those, or $74 million worth, at risk of failing. But action strategies can salvage faltering projects about 75% of the time. Read more…