Projects are bound to fail if no proper action is taken in order to ensure the success of a project. Some of the reasons that can make a project to fail include:
Ineffective Executive sponsor
There is need to have an effective executive sponsor. Failure to have one usually leads to uncompleted projects as all projects become IT projects and not business initiatives. Research has shown it that lack of effective executive sponsors and active users leads to projects failing. This is because a success of a project is determined by the amounts of funds which are set for that project. A project with insufficient funds cannot be successful at all.
Poor business case
A poor business case results into setting unrealistic goals which are usually unachievable. Projects which are started under such circumstances are also usually bound to fail as there is no clear guideline that directs the implementers of the project.
A business is no longer valid
This type of failure in project implementation is usually caused by a change in the market. The market position for projects is usually dynamic and can change any time. Some projects need improvements so as to cope with the progressive changes in the market. If such adjustments are not made, the project can be rendered useless in the end.
Lack of dedicated resources
Large projects usually require dedicated resources and dedicated manpower. If there are no dedicated resources or manpower during a projects implementation, then that problem is likely to fail.
Projects that are usually in violation of the norms of the organization and the society are very likely to fail. Whenever a project is being initiated, care should be taken to ensure that it is not violating the cultural norms otherwise it is bound to fail.
Example of a project failure
An example of a failed project was when FBI virtual case file was designed for sharing files. This could not be successful as FBI prohibited sharing of files. This breach of confidentiality led to the project failing.