Now is a perfect time of year to reflect on the current state of all the key projects that were approved in January. At this stage, you and your management team should have enough data to know if each initiative will successfully meet its objectives. You may already know there are projects in your organization that are not positioned to succeed, yet they still receive funding and staff.
Businesses of all sizes embark on thousands of projects for new products and services every year. Unfortunately, most projects are doomed too fail outright, or at launch, because the original success criteria were not met. Some project failures lead to delays in product launches, such as the AirBus A380; others, incur huge cost overruns. These examples, as well as the results from survey after survey, show that businesses have not been able to figure out how to consistently get products and services delivered on time, on budget and with the highest quality.