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Why do projects fail miserably (Infographic)

Project management tools are great for the use of one single project. But with multiple projects in hand? That requires more than brains and skills to juggle. Multi-project management calls for a good resource planning tool. When using a resource planning software, you are allowing yourself to focus on the project in a more efficient way.

In our last post, we put together an infographic on project success rate in small and large projects. A whopping 90% of projects costing over $10 million fail. Why is that? With the amount of resources and budget available to these projects, why do most fail so miserably? Just this year, the PM Institute published their statistics on the top contributors to large IT project failure. Of which the four main categories of reasons were unclear objectives, unrealistic schedule, shifting requirements and unaligned team.

All these reasons trickle from one common factor - leadership. A project leader or manager is required to have everything regarding the project inline. However, a project manager isn’t a one man band, delegation and teamwork are crucial necessities to the likelihood of success. Among many things, leadership and teamwork require good communication, clear goals and effective collaboration methods. Using tools to get these attributes into place will increase success rate. Last year, 77%* of companies use project management software, while 87% high-performance companies use project management software. This goes to show that software usage is highly regarded in successful companies.

Project management tools are great for the use of one single project. But with multiple projects in hand? That requires more than brains and skills to juggle. Multi-project management calls for a good resource planning tool. When using a resource planning software, you are allowing yourself to focus on the project in a more efficient way. Not only you can quickly dive into how your resources are progressing, your team can also be aware of how the project is going, what’s more to be done and how quickly it needs to move forward.

So it all comes down to the question: 'What do you need to look for in a resource scheduling software?’ Depending on your budget you might be looking for a free resource management software. On top of that, accessibility must be taken into account. When your employees are out and about in the field, it must be possible for them to access the most updated version of the plan. Ganttic is carefully crafted to suit such a need. Not only do we have a free basic account that houses up to 10 resources and an unlimited number of users, we have also integrated our platform to Google Calendar. You can sync resources’ plans to your Google Calendar and access it anywhere. Think of it as having a mash-up of a Google Calendar gantt chart.

Give it a try and sign up for a free 14-day trial.

* Source - Information Week: Enterprise Project Management Survey 2014

Author: Patricia Goh