Poor planning and methodology main cause of project failure
CMCS survey indicates lack of investment in project planning tools and expertise in region
Companies in the region are lagging behind on the use of proper project management tools and expertise, according to project management specialists Collaboration, Management and Control Solutions (CMCS).
The company recently completed a Middle East survey which highlighted a wide range of reasons for project failure, with improper planning and methodology cited as the leading factor in project failure, with 78% of respondents reporting it as an issue.
Other contributing factors to project failure included lack of communication (75%), and unrealistic target completion dates (67%), identified inadequate commitment and involvement from senior management (59%), insufficient budgets and resources (56%), too many assumptions and unknowns (51%), project politics and conflicts (38%), lack of set targets or measurable results (45%), and the formation of the wrong project team (27%)
CMCS said that the results reflect a region wide under-investment in project management tools and a lack of skills and training.
"The downturn revealed a lot of flaws in the way the region manages its projects. By this time project-based businesses should have already learned their lessons, and yet our survey results show that many still adhere to poor practices and either delay or avoid key project management investments. We hope that our findings will serve as a wake-up call to project managers and make them realize that they need to invest more in project management tools and talent if they want to maintain the viability and competitiveness of their respective developments," said Bassam Samman, CEO and founder, CMCS.
Other factors that the survey identified as causing problems with projects were lack of motivation and the inability to properly control the project team, insufficient risk analysis, lack of planning tools and weak IT infrastructure, slow decision making, lack of alignment with the organization's strategic goals, delays in engineering and procurement, wrong choice of contractors, design changes, and economic instability.