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Why the project fails - Essay Example

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Summary
In the business world companies often resort to developing projects in order to accomplish the goals of the organization. There are many different types of projects that companies can undergo, such as expansion plans, acquisitions, and developments of new products…
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Why the project fails
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Download file to see previous pages A common factor in all projects is the presence of employees assigned to the project. Most projects are led by a project manager or team leader. The success of a project is dependent on a variety of factors. A lot of times projects fail and companies pay the consequences in terms of monetary and time losses. The purpose of this report is to analyze the different reasons projects fail. The report will also include an analysis of the Smithers case study. One of the most important aspects of working in a team is to have good communication among the team members. The members of a team must communicate well in order for a project to be successful. A lack of communication can lead to undesirable behaviors such as friction, arguments, and a lack of cohesiveness among the employees. “Effective communication occurs when the intended meaning of the source and the perceived meaning are virtually the same” (Schermerhorn, Hunt, Osborn, 2003, pg. 339). A lack of communication can lead to misunderstandings between the workers. A way to improve communication between people working on a project is by the members becoming active listeners. Active listening can improve productivity and it enhances the ability of people to communicate, persuade, and negotiate (Mindtools, 2013). A second major obstacle that diminishes the ability of a company to achieve success in its projects is a lack of teamwork. Teamwork has become a critical success factor in the 21st century. Individualism is an undesirable trait among members of a team working on a project. Teamwork occurs when the members of a group work together in ways that utilize their skills well to accomplish a purpose (Schermerhorn, et al, 2003). A project is doom to fail if the members of the team do not work together as a cohesive unit. Companies can enhance the teamwork skills of its employees by offering training and development. “Problems in project management teams begin when not everyone feels involved or some are doing a lion's share of the work while others are perceived as doing very little” (Zaphyr, 2013). An employee that plays a critical role in the success of a project is the project manager. This person is responsible for providing leadership for the team. Project managers that do not have good leadership skills are a liability for a company. The presence of strong leadership is needed to guide the efforts of the members of a team working on a project. Without leadership the people working on a project lack the direction and guidance needed for them to perform at a high level. Leadership is important because it enables a person to influence the work behavior of the people working on a project. Three effective leadership styles are transactional, charismatic, and transformational leadership. Without strong leadership the chances of project failure increases dramatically. A factor that is critical towards the success of a team is having adequate resources. A lack of resources is a constraint that can lead to project failure. Some of the important resources that projects must have are financial, human labor, and machinery and equipment. Sometimes companies undertake a project that they can not fully finance. A shortage of cash can lead to disastrous results for a project such as complete stoppage of work or bankruptcy. A labor force with inadequate skills and capabilities can lead to the demise of a project. Old obsolete machinery and equipment hurts the ability of success of a project. Another factor that is important for the success of a project is the implementation of technology. Analysis Smithers Case Study The Smithers case study discusses the role John Smithers had on a change management initiative of implementing a project to improve the quality control of the company Sigtek. There were ...Download file to see next pagesRead More
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