Ready, go, set. That’s often the mentality that project leads and management have for starting a new project. Even though we have been preaching the merits of robust project execution for years, the instinct is to just get started rather than take a step back and look at the project holistically before starting. Without looking at every aspect of the project, hidden traps can often come from surprising sources resulting in delays of the project or funding shortfalls. It is critical to identify all the risks up front, establish mitigation strategies, and allocate ample time and budget to overcome any hurdles.
So what are these hidden traps that can cause a project to go awry--and what are the mitigation strategies that you should consider up front? Here are 10 that you should pay attention to:
Hidden Trap 1: Stakeholder Buy-In
Every project management best practice preaches the importance of strong stakeholders. Strong stakeholders make or break a project’s success and remove barriers for the project team. Projects that have key stakeholders that ask “why are we doing this?” are bound to fail. Many projects have multiple stakeholders, and that is where the trap often exists. In an effort to get the project moving, a project team may have asked a single enthusiastic stakeholder for buy-in, but not checked with others that may directly