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These three critical elements could be the difference between producing a high customer retention rate or a high customer attrition rate.
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3 Reasons Your Project TEAM is Unable To Meet Delivery Deadlines By Fred Wilson
Meeting projects deadlines Meeting deadlines is the essence of successfully conducting modern business. Companies that do not meet delivery deadlines risk their continuity
According to a survey by the Project Management Institute, organizations are wasting $97 million for every $1 billion invested due to poor project performance.[1]
Look out for these… Over commitment Not solving issues Communication failure
Over commitment Commit to projects carefully Ensure there is a deadline Establishing realistic timelines, delivery dates and a project scope at the start
A PMI survey showed that project managers with poor performance experience 46% budget loss due to failed projects.As a result, only 24% of the projects are completed on time and have a 68% chance of experiencing a scope creep. [2]
Not resolving issues Analyze project risks at the beginning Devise plans for tackling potential issues beforehand Encourage on time reporting and collaboration
According to IT Cortex, 57% of projects fail due to breakdown in communication.[3]
Communication failure Communicate project details on time e.g. timeline, responsibilities etc. Software Advice found that virtual teams identified long email threads as the second biggest challenge to communication. [3] Use a project management software.
References http://careerminer.infomine.com/how-to-ensure-that-you-are-able-to-meet-your-deadlines/ https://www.cio.com/article/2427972/project-management/article.html http://blog.twoodo.com/1088/snackable-stats-about-company-communication-and-collaboration-today/
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