When we look at the statistics surrounding
project successes and failures, we see a daunting picture. Studies show that approximately
70% of projects fail due to reasons including unclear goals, poor resource management, and ineffective communication (
Ryan). This is a staggering number, indicating that project failure is a common experience across industries. But, instead of being demoralized by this, project leaders should focus on how these failures can be a springboard for improvement.
One of the key reasons why examining failed projects is crucial is that it provides INSIGHT into what went wrong and why. Each failure carries a lesson that can help teams avoid repeating the same mistakes in the future.