Conclusion
The past failure should not de-motivate the project managers from further efforts. The instances of IT project failures gives us the opportunity to focus on the relevant aspects that can be derived from vulnerable areas where IT projects are more likely to fail.
Managers can review the following points to reduce the probability of project failure by considering the following ways:
- Make sure to plan before starting the development or implementation of the project.
- Set up the necessary processes to calculate and inform the risk.
- Ensure that the IT project has clear objectives and goals.
- FUnderstand project trade-offs when making changes.
- Use the duration of the task to estimate the schedule.
- Get the support from the executive/top management and get their consent and feedback at every stage of project.
- Ensure that the team members communicate to avoid the communication gap.
- The users should also participate in design and implementation of your project to get appropriate feedback.
- Make sure you have the appropriate skills needed to fulfil the project’s demand.
In avoiding the above points, it can help the Project Manager to mitigate risks associated with Project Management that can led to failure of IT projects in software development companies.