Blog PostProject Services
Is my project about to fail?

There are many potential reasons why a project may be heading towards failure. Some are easy to spot and easy to rectify, others may indicate more deep-rooted issues which can derail the best-laid plans. In this post we look at a few signs to recognise which may indicate your project is heading towards failure.

The why

Does the project align or tie into the organisation’s objectives and vision? Does the business case provide the correct motivation for implementing the project or change? If you are unable to easily and clearly tie the project purpose and goals back to organisation-wide objectives you may need to ask the question ‘why are we delivering this project?’ Moving ahead without having a clear understanding of why the project is beneficial to the organisation is potentially a huge mistake.

Competing priorities

Competing priorities is a common challenge across organisations. This issue can simply come down to strong leadership. If leadership cannot agree on priorities it can lead to issues such as resource capacity and commitment. Alongside the competing priorities there are usually too many projects or initiatives on the go at any point in time, creating pinch points with timelines, resourcing, scheduling and budgets. This is a sign that should sound an alarm on a project.

Project leadership

Project sponsors or senior executives are the champions of the project. Part of their role is to provide the required support to the project manager and the project team throughout the lifecycle of the project. Absence, disinterest and not providing input when risks or issues require executive direction, are all signs that the project may need to go back to the drawing board before it heads for failure. Ongoing sponsor and executive buy-in, from initiation to completion, is vital to a project’s success.

 

 

More project services articles

Case Study
New RegTech Solution for Global Bank

Context CBO recently implemented a new Regulatory Tech (RegTech) Software-as-a-Service (SaaS) solution to replace an outdated Transaction Monitoring System for a local bank. This project focused on bolstering the client’s compliance capabilities, specifically in the monitoring of Financial Crime, while simultaneously enhancing operational efficiencies. Approach Our team achieved this by identifying vendors suitable for the […]

Blog Post
Inspiration from the APM Women in Project Management Conference

CBO Consultant Lisa Ayres recently enjoyed a day of inspiring talks, great networking, and insightful shared best practice at the APM Women in Project Management Conference 2024. She shares with us her key takeaways from the day.  The APM Women in Project Management Conference was an excellent event, featuring a variety of speakers, from recent […]

Blog Post
Junior Consultant Yinlong Thatiyanantabhorn shares his thoughts in this quarter’s APM magazine

In this quarter’s APM magazine, Junior Consultant Yinlong Thatiyanantabhorn was asked to share some of his thoughts and experiences since moving to the island of Guernsey earlier this year and joining the CBO team. His thoughts strongly related to the importance of building relationships, which of course, is what CBO is all about… In an […]

Blog Post
CBO Supports Future Consultants

Work Experience The future of project and change management is obviously of great importance to CBO. We are always looking for people with the right drive and knowledge to join our ever-growing team of industry experts. To inspire a new generation of consultants, CBO regularly host work experience placements and interns, supporting them to have […]

Case Study
CBO implements cloud-based contact centre platform for Jersey Electricity

‘CBO, and more importantly the project manager, were instrumental to ensuring our new cloud based contact centre was delivered on time and with minimal impact or interruption to both our customer care advisors and also our valued customers. The new contact centre will help JE’s Customer Care team to achieve our vision of putting the […]

Blog Post
CBO becomes a corporate partner of the Association for Project Management

As the chartered body for the project profession, the Association for Project Management (APM) is committed to the progression and development of project management capability, recognising the critical role that companies must play in this development. Its vision is a world in which all projects succeed, which will be achieved by advancing the science, theory […]

Fancy a chat? Get in touch with CBO today to discuss how we can help