In my previous article, I looked at some of the benefits of well-managed projects. in this article, I want to look at all that you need to know about the negative impacts of poorly managed projects. Follow me as we are going to look at that together in this article.
Now the reasons …
- 1 OUR MISSION
- 2 OUR VISION
#1 Missed deadlines
If projects are not well managed, it will lead to missed deadlines. This will happen because there is absolutely no one holding team members accountable for their deadlines. This will lead to a situation where everyone on the project is just doing what they like.
#2 Cost overrun
A poorly managed project will also lead to cost overrun. In this case, it will lead to a situation where team members ended up spending more than they are supposed to spend on the project because there is absolutely no one checking how much was budgeted and spent on project tasks.
#3 Poor quality
Another major issue with poor projects is that they can also turn out to produce projects of poor quality. When projects are not well managed, it will lead to a situation where the deliverables that will come out of your project will not be acceptable to project stakeholders. This might happened because you failed to carry stakeholders along in the first place.
Also, poorly managed projects can lead to rework. This happens because measures are not put in place in order to ensure that people are doing the right thing. It will lead to a situation where deliverables are faulty and they have to do it over and over again.
#5 Uncontrolled expansion
Also, poorly managed projects can lead to scope creep. This happens when new features keep popping up and the work seems as if it is not going to end at all. In order to avoid this, you need to have an appropriate project management strategy in place.
#6 Loss of reputation
Poorly Managed projects can also lead to a loss of reputation for the organisation. There is always a correlation between projects and operations in the organisation. When a good project fails, it will have negative impacts on the organisation as well.
#7 Unsatisfied stakeholders
Another major setback when it. comes to a poorly managed project is that it can lead to a situation where stakeholders are not satisfied with the outcome of the project. This is because the project manager failed to carry them along in the first place.
#8 Failure in achieving the objectives
When projects are poorly managed, it will affect the achievement of the desired objectives. This is due to the fact that goals are set but there are no concrete plans in place to achieve those goals. At the end of it all, the organisation will not be able to achieve its project goals.
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