The 10 pitfalls to avoid to succeed in your projects without exceeding your budget by Dany Bédard
When a company launches a project, it expects the resources invested to produce a positive and profitable result. However, projects often take longer and cost more than expected, resulting in lost revenue for the company. In many cases, these inefficiencies are caused by avoidable mistakes made by project managers or production managers. With that in mind, we’ll review the 10 most common mistakes that can cause inefficiencies and lost revenue, and how to avoid them to complete projects on time and on budget.
- Poor planning: Insufficient or inadequate planning can lead to delays and additional costs, as team members may not be able to meet deadlines.
- Insufficient communication: Insufficient or inadequate communication among team members can lead to errors and misunderstandings, which can cause delays and additional costs.
- Inaccurate estimates: Inaccurate estimates of costs, timelines and resources can lead to delays and additional costs.
- Ineffective project management: If project management is not effective, team members may not know what to do or how to do it, which can lead to delays and additional costs.
- Lack of training: If team members are not properly trained or do not have the necessary skills to perform their tasks, this can lead to errors and delays.
- Failure to meet quality standards: If team members do not meet quality standards, this can lead to delays and additional costs associated with error correction.
- Overwork: If team members have an excessive workload, it can lead to delays and errors.
- Lack of tracking: If the project’s progress is not adequately tracked, delays and problems will not be detected in time, which can cause additional costs.
- Scope changes: Uncontrolled scope changes can cause delays and additional costs associated with correcting errors or reallocating resources.
- Coordination problems: If team members are not able to coordinate their efforts, it can cause delays and additional costs.
In summary, to avoid inefficiencies and lost revenue related to project managers or production managers, it is important to plan properly, communicate effectively, estimate accurately, manage the project effectively, train team members properly, meet quality standards, monitor project progress, control scope changes, coordinate team efforts, and monitor team member workloads.