70% of Projects Fail to Deliver their Business Outcomes. Why?

Explore the critical factors behind project failures and the misalignment of projects with strategic outcomes in this insightful segment of "Future of Work 2.0." Ross and Idris dive deep into the reasons why a significant percentage of projects fail to deliver their intended strategic value. They dissect the complex interplay between project execution, strategic planning, and business goals, offering profound insights drawn from their rich experiences. This discussion is a must-watch for professionals looking to understand and navigate the challenges of aligning projects with strategic objectives effectively.

Key Takeaways:

• High Failure Rates: Ross and Idris discuss the alarming rates of project failures and their failure to meet strategic outcomes, with estimates ranging widely but consistently indicating a significant challenge in project management.

• Misunderstood Causes of Failure: The segment reveals that project failures are often misunderstood and not solely due to project execution issues. Factors include strategic misalignment and incorrect business goals, pointing to a deeper need for holistic planning and execution.

• Critical Role of Strategic Alignment: The discussion highlights the essential need for projects to be aligned with both strategic and business goals from the outset, emphasizing the importance of evaluating and revising strategies to avoid setting unachievable objectives.

Transcript: https://www.futureofwork20.com/p/70percent-projects-fail-to-deliver-outcomes-transcript