I recently discussed techniques for reviewing projects to improve their likelihood of success. Underlying this is the reality that projects do fail often, at a greater rate than we'd like to admit.
Some failures are spectacular. After spending tens or hundreds of millions of dollars over a period of years, nothing ever really works. The entire investment of time, money, energy, effort, and focus has to be completely written off. Those are the legends. The laughing stocks.
But it's a mistake to conflate failures and catastrophes. Most failures are mundane and much smaller scale. They result from changing … Read more