Why do 70% of projects fail?

There are many reasons why projects fail. For instance, 44% of projects fail due to a lack of clear goals, and 30% fail due to poor communication. But there are many other reasons as well, including:

• Scope Creep. When a project begins to extend beyond its original purpose, this can be cause for concern. Uncontrolled changes can eventually cause delays and inefficiencies.

• Overallocated Resources. When resources aren't clearly allocated, it can cause certain proacts to receive too many, even if they're failing. Issues can also arise when there are too many projects going on at once, consuming too many resources collectively.

• Bad Stakeholder Management. Poor communication with stakeholders can also cause projects to be delayed, underfunded, or stray from their original goals.

• Unreliable Estimates. Poor estimates can cause projects to fail as it leads to flawed schedules, unachievable objectives, and increased risk.

• No Risk Management. When risk management isn't accounted for, projects can take on more than they can handle.

• Lack of Team Planning Sessions. When teams don't have a chance to meet up and discuss projects, communication can fall off the wayside.