The Investment Management industry is littered with the corpses of failed or partially failed projects.
It’s a rare firm that doesn’t have one horror story to tell, one skeleton hanging in their closet that they would prefer to forget.
The reasons given for this situation typically include: changes in scope; failure to engage all stakeholders through out the project’s life span; absence of the appropriately skilled resources, be that ‘type’ or ‘numbers’; poor project management, be that people with the necessary expertise, or fit for purpose processes (or both!); unrealistic or inappropriately documented plans; Failure to recognize the complexity and difficulty of the technical elements within the project; changes in priority, leading to competition for project resources; an absence of ‘leadership’.
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