At CITI, we have seen with many clients, over many years, the impact of poor or even absent project sponsorship. These are the top ten factors for project failure (source: Gartner Group):
- Project sponsor not committed to the objective
- Project not aligned to the strategic vision of the company
- Projects are started for the wrong reasons
- Inadequate staffing
- Incomplete benefits and project scope definition
- Poor project planning
- Poor monitoring against baseline plan
- Insufficient funding / incorrect budgeting
- Lack of project methodologies and best practices
- Lack of formal sign off (including lessons learned)
Those that are highlighted in red lie squarely at the door of the project sponsor (source: PMI Pulse, 2014):
It is these five key actions that a sponsor can take to ensure that their projects are successful and avoid failure.
If this rings true with you, maybe you should attend our free seminar in the city that is focusing on project sponsorship this month from 4pm at:
- The Arab-British Chamber of Commerce
- 43 Upper Grosvenor Street
- London
- W1K 2NU
The event will finish at approximately 7.30pm.
For more information click here, or email Richard Bateman at RBateman@citi.co.uk. Or you can book using the form below:
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PAshton
Paul ensures our clients, members and associates have electronic access to CITI’s intellectual property and services, which may require him providing technical consultancy on clients’ sites.
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