Voices on Project Management

By Peter Tarhanidis, Ph.D.

Many leaders accept failure as part of their learning to enhance their future and mature outcomes. At the beginning of a new year, we must reflect on the past year’s successes and failures. Reflecting on project failures in 2024 offers leaders valuable insights to foster success in 2025. Understanding these challenges, supported by data and examples, is crucial for leaders aiming to enhance project outcomes in 2025.

Here are some notable quotes and perspectives on failure and resilience:

• Failure as the stepping stone to success: "Only those who dare to fail greatly can ever achieve greatly." — Robert F. Kennedy.
• The power of perseverance: "The secret of life is to fall seven times and to get up eight times." — Paulo Coelho
• The need to take risks: "Risk is not to be evaluated in terms of the probability of success but by the value of the goal." — Ralph D. Winter

Leaders should reflect on 2024 project failures with a focus on identifying root causes, assessing systemic issues, and implementing actionable lessons. Below are examples of challenges organizations and leaders faced or continue to struggle with:

1. Poor resource management: Inefficient allocation of resources led to project delays and budget overruns. TeamStage’s 2024 survey cites 60% of respondents identified poor resource management as their biggest challenge. Prosymmetry illustrates this impact; the Denver International Airport's automated baggage handling system faced severe delays and budget overruns due to inadequate resource allocation and management.
2. Lack of defined project management methodologies: The absence of standardized processes resulted in inconsistent project outcomes. Plaky’s 2024 survey indicates that 42% of project managers do not follow a defined project management methodology, making their projects 15% less likely to meet goals and stay within budget. Prosymmetry 2024 shares an example of when the Ford Edsel project failed due to the absence of a clear project management methodology, resulting in misaligned objectives and market misjudgment.
3. Unrealistic deadlines: Setting unattainable timelines leads to compromised quality and team burnout. Tempo 2024 states that 31% of project managers reported unrealistic deadlines as a top challenge. A key highlight noted by the Project Management blog is when the FBI's Virtual Case File project was abandoned after four years and $170 million spent, primarily due to setting unattainable deadlines that led to incomplete and faulty deliverables.
4. Insufficient budget: Unsurprisingly, underfunded projects struggled to procure necessary resources, affecting deliverables. Exploding Topics 2024 survey notes that 17% of project managers cited insufficient budget as a significant challenge. ProjectManager blog cites the California DMV's IT modernization project was canceled after $135 million was spent over nine years, largely due to chronic underfunding and budget mismanagement.
5. Poor project quality: Without the voice of the customer, deliverables failed to meet stakeholder expectations, necessitating costly revisions. This was noted by the Exploding Topics 2024 survey by 13% of project managers, who identified poor project quality as a major issue. ProjectManager blog notes the Healthcare.gov website launch in 2013 suffered from numerous glitches and downtime due to inadequate testing and quality assurance, leading to a poor user experience.

2025 Strategies to Ensure Success

1. Implement defined project management methodologies: Adopt a standardized framework like agile or waterfall to provide clear guidelines and improve project outcomes. Tempo 2024 confirms projects are 15% more likely to meet goals and stay within budget when following a defined methodology.
2. Set realistic deadlines: Engage stakeholders in setting achievable timelines based on resource availability and project scope. Leaders will reduce the risk of team burnout and maintain quality standards.
3. Ensure adequate budget allocation: Conduct thorough cost estimations during the planning phase to secure necessary funding. Leaders can prevent resource shortages and maintain project momentum.
4. Enhance project quality: Implement quality assurance processes and continuous improvement practices. Organizations can deliver products that meet or exceed stakeholder expectations, reducing rework.
5. Invest in resource management tools: Utilize project management software to optimize resource allocation and track progress. This will aid leaders in improving efficiency and in meeting project objectives.

By addressing these challenges with targeted strategies, leaders can build project maturity and drive more successful outcomes in 2025. What project challenges did you have in 2024, and what actions will you take to ensure success in 2025?

References

1. https://teamstage.io/project-management-statistics
2. https://www.prosymmetry.com/blog/4-famous-project-management-failures-and-what-to-learn-from-them
3. https://www.tempo.io/blog/failed-projects
4. https://plaky.com/learn/project-management/project-management-statistics
5. https://www.projectmanager.com/blog/failed-projects
6. https://explodingtopics.com/blog/project-management-stats

By Wanda Curlee

Some believe that project management needs a complete overhaul. Whether you agree or not, there’s no doubt that technology is driving radical change. As I have mentioned in different blogs and presentations, I believe that artificial intelligence (AI) and the Internet of Things (IoT) will have a large impact on the next generation of project managers. Thanks to this new tech, project managers will be adding more value, versus completing mundane tasks.

Technology will do the mundane for the project, program or portfolio manager. So, what will be left for the practitioner to do? For starters, the project manager will be able to focus on the many things put to the side because they’re doing their best to keep stakeholders informed and complete routine tasks, as well as trying to maintain their sanity.

Targeting the Mundane
So, what constitutes a mundane task? This includes creating schedules, communications, status reports and presentations, along with tracking down resources, reviewing issues, assessing problems and reviewing risks, among other jobs. These things need to be done and many times, the project manager needs help doing them. But leadership may not understand the need for this assistance, or the resources may not be available.

The good news is, AI and IoT will take on these mundane tasks. Technologies will be able to review a schedule and track down those who haven’t inputted their time. The schedule options, along with recommendations, will be provided to the project manager.

And that’s not all: Tech can also assist with drafting presentations and status reports. The project manager can then add the final touches. Potential risks can be assessed and the probability and cost to the project can be determined.

Impact on the Project Manager
What does this leave the project manager to do? Plenty, of course. They need to determine what resources are needed and negotiate with functional managers, human resources and the project management office if one exists. Human resources are one of the biggest headaches for a project manager.

They’ll also have to deal with problem resources already on the project. This may mean less qualified individuals who aren’t able to do the work (through no fault of their own), those who are unhappy on the project and are projecting the feeling throughout the project, and those who are lazy, among other things. The project manager may need to counsel these individuals or may even have to fire them, which, of course, creates risk for the project.

In addition, the project manager may have to deal with subcontractors and vendors. More attention can be paid to higher-level risks and preventing or minimizing their occurrence.

Integration management is also an area of focus. There are project managers who put this aside because they feel if the schedule is all right, the project integration is handled. This is not true. There may be individuals who are not sharing their information promptly, or those who are producing a major milestone but have a family emergency. Without them, no one else can finish a milestone that’s critical to the remainder of the project.

Predicting the future is hard. Time will tell how technology will be used in project, program and portfolio management. Technology should not be considered a silver bullet, but a means to provide help with everyday tasks, allowing leaders to devote time to value-added work.

What do you think: How will future technology change the way we manage projects?