There are five reasons that large projects fail. Wrong projects are ones that defy conventional business rationale, creating outputs that either few people want, that add little to no real value, or that undershoot the desired benefits because they are so difficult to achieve.
A second reason is unreasonable constraints — when the effort doesn’t have adequate funding, people, time, or other key inputs. Lack of effective leadership is another project killer, as is undue complexity, where projects span multiple teams, business units, geographies, and organizations and face volatility, uncertainty, and ambiguity. A final obstacle to project success is too much or too little management.
Yet, projects are notoriously finicky, and success rates fall precipitously as they become larger, longer, and more complex.Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Project Management. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
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