I'll start…The most valuable lesson I've learned is that a Risk that is present at the beginning of a project will not go away by itself and will only show it's ugly(ier) head again at the end of a project if not resolved. Lesson learned? Don't delude yourself into thinking that just because the project has a long timeline you can get rid of the risk later. Eliminate project risks early and often! Saving Changes...
Adequate executive sponsorship for the project who is 100% behind the concept, will provide the budget and resources required to implement the project and stays actively engaged. Strategic alignment and executive buyin for the project is key to reduce and eliminate this risk. Saving Changes...
Jaiveer Singh ChandPM Consultant| The Golden Circle Consulting, SingaporeGreater Noida, Uttar Pradesh, India
Involve project sponsors, project outcome users for problem definition and solution early validation to avoid project cost & schedule overruns and lower quality deliverables.
Having program managers for turn-key projects to manage multiple delivery groups, vendors and 3rd party/ agencies.
Active Project Governance should also be well in place to bring project state visibility to executive management.
Saving Changes...
Mitch KraytonPresident| Krayton SeminarsDenver, Co, United States
There is no learning without failure. So you learn that 'perfect' is not possible and that the earth will still spin and the sun will still rise despite your failure. You then look for the things that went well and take pride in doing those well. You look for the thing that failed and figure out what went wrong, why, and how to improve on the next project.
From Kenny Rogers: "You got to know when to hold 'em, know when to fold 'em, Know when to walk away and know when to run. You never count your money when you're sittin' at the table. There'll be time enough for countin' when the dealin's done." Saving Changes...
Failure in Identifying Risk and not doing Impact Analysis in early stage of the project also a reason for Project Failure. This is one of the most valuable learning.. Saving Changes...
