According to the latest report by the Project Management Institute (Pulse of Profession, February 2014), almost half (44%) of strategic initiatives undertaken by organizations is assessed as unsuccessful. The causes of difficulties in the implementation of projects include unclear goals and their relationship with the company strategy, insufficient management support, ambiguous priorities or conflicts related to the availability of key people. All of these elements require improvements that can be summed up in one word: preparation.
Already three centuries ago, Benjamin Franklin argued that by failing to prepare, you are preparing to fail. Therefore, a well-prepared project should begin long before the agreement is signed, a schedule is set up, and first works are commenced.
Why: goals and results
The first step in the project preparation should be to determine its goal and expected business results. The goal of the project should be realistic, measurable and consistent with the strategic objectives of the organization. It should also clearly explain why the company wants to engage its employees and financial resources to carry out the project. An example of the goal may be defined as follows: lowering maintenance costs by at least ...