Can your organization afford another failed project?

I wanted to take a moment today and look at the various costs to an organization when a project fails.  While there are plenty of issues that arise from a failed project, the top 3 pain points I hear most often are the following:

1. Financial cost – money/investment/cash lost to the failed project

2. Demoralized project team

3. Loss of product or service the project was meant to produce

A project that has started, been running through its lifecycle, found itself into major trouble, and then eventually been canceled is a very costly endeavor for any organization.  Not only has most of the funds that were made available as part of the project budget likely been spent, but you now have a project team that is completely demoralized and you are still without the product or service the project was suppose to deliver.

All too many times a recovery effort could have prevented the project from failing, or prevention skills could have been taught to this project team well before starting the project, and the troubled signs would have been picked up on faster.  I often get asked about assisting with a recovery effort on a troubled project, and while I will gladly help out any organization with their immediate needs, I fully believe in teaching our project teams the skills and material that we use in our recoveries.  Like the saying goes, “Give a man a fish and you feed him for a day, teach a man to fish and you feed him for life”.

Our training and ongoing coaching programs are designed to teach project teams how to learn the valuable skills of troubled project prevention and turn around.  I love consulting, but I love teaching more and if I can pass on what I know and what we do, to organizations that truly want to make a difference and prevent failed projects, then we are here to help.

Take a look at our Corporate Training & Coaching program:  http://mtilearning.com/coaching-2/corporate-coaching-and-training-program/

Enjoy your weekend everyone!

“B”