Some of the more common pitfalls of project management. (Practice Management)

Accounting Today,  April, 2002  by Larry Puleo

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Every year organizations, large and small, sponsor projects to achieve various types of strategic goals. While the intent behind these projects can be very different, quite often the results come out the same: the projects fail.

Statistics reported by the Standish Group International have placed the project failure rate due to disappointing results or abandonment to be as high as 75 percent.

Whether failure is defined as a complete project meltdown or the inability to achieve some or any of the original goals, the likelihood of failure points to the pitfalls that produce these results.

Pitfall 1 -- Lack of ...