7 Mistakes to Avoid When Managing a Big Project

7 Mistakes to Avoid When Managing a Big Project

Image source: StockSnap It turns out that you are more likely to fail than to succeed in handling and completing a big project. According to statistics, fewer than a third of all projects were successfully completed on time and within the budget over the past year, only 56% of all project managers are certified, and most of the time 80% of them they have no idea how their projects align with their company’s business strategy. Nevertheless, an astounding 97% of organizations believe project management is critical to business performance and organizational success, which is why you – as a project manager – should give it your best to get things done on time and within the budget. To accomplish that, you should have a proper plan, an excellent drive and a mindset to avoid making critical mistakes when managing a big project. 1) Failing to Define Goals   When your team isn’t given a clear set of goals, they will waste more time on figuring out what should be done than doing the actual work. Simply put, they can’t be productive if they have no clue what they’re working for, or what their work means. That implies that there will be problems with prioritizing, so the tasks will most likely get completed in the wrong order. 2) False risks assessment     Underestimating or refusing to acknowledge risk can ultimately derail both your schedule and your project plan, thus increasing project costs dramatically. On the other hand, overestimating risks is detrimental to a project as well, since being overly cautious will keep you from taking action. Assess risks and...