I’m an MSM student with a concentration in Organizational Development. My goal with this degree is to learn the tools I need to ultimately become a project manager. In our discussions last week about Project Management it seems as though the best way to learn about Project Management is to look at Projects that fail. Unfortunately statistics show that there are many more failed projects than those that finish, “successfully”. So one would think that the more mistakes that we have to learn from, the higher the success rate would be…right? If only it was that easy.
The article below talks about how the Project failure rate is on the rise yet again due to the recession. The recession is causing a few more hurdles for project managers to overcome. The article talks about how budget and job cuts are causing projects to fail at a faster rate. The article also talks about how the recession has, “engendered a risk aversion inside organizations that…has led them to overemphasize compliance and governance--to such an extent that too many checks and balances are slowing down projects.”
I found it interesting; however, it makes me think twice about my career path.
http://www.cio.com/article/495306/Recession_Causes_Rising_IT_Project_Failure_Rates_?page=2&taxonomyId=3198
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