In the current business environment it is imperative that we take a closer look at project investment and ensure that it is money well spent. However, with so many public examples of organizations that have had their fingers burned by expensive failed projects, investing in change through projects can feel like a giant bear trap. Whilst it is impossible to completely remove the risk that any project will fail to deliver, what can be done is to identify failing projects early and close them quickly, in order to save both face and valuable money.

Why don’t organizations close down failing projects?

It can often take a huge amount of effort to get a project off the ground. Getting the business case signed-off, money to proceed and a project team in place sometime feels like half the battle has already been won. Getting sign-off for project delivery is a ‘hard gate’ to get through.

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