<\/p>\n\n\n\n
Consider this scenario<\/span>: You just closed a deal with a client to work on a major project. At the time of the project proposal, you had done a random forecast of project duration, price of resources, etc., and had reached a tentative project cost estimate. Based on the same calculation, you go ahead and divide resources and set the project deadline.<\/span><\/p>\n\n\n\n But halfway through, you find yourself in a situation of project cost overrun. Also, you have an exhausted team due to the overallocation of resources. What more? The project outcomes now seem difficult to achieve given the unrealistic project expectations and poor stakeholder management.<\/span><\/p>\n\n\n\n Is the \u2018big-ticket project\u2019 in chaos? Wonder what happened?<\/span><\/p>\n\n\n\n Let\u2019s decode this.<\/span><\/p>\n\n\n\n All these are early signs of project failure. Not conducting a comprehensive analysis at the time of the project proposal backfired. The outcome? Delayed deadlines and unavoidable budget overruns.<\/span><\/p>\n\n\n\n