Saturday, April 01, 2017

Project Failures

The numbers tell you how your business is going, not why........ Jonathan P. Siegel

Wanda Holbrook was a maintenance technician, she was trapped by robotic machinery and killed.

Wanda Holbrook’s job was to inspect and adjust the process on the assembly line at Ventra, which makes bumpers and trailer hitches

The robot loaded hardware onto Holbrook’s head and crushed her skull

The lawsuit says “The robot from section 130 should have never entered section 140, and should never have attempted to load a hitch assembly".

Holbrook family says "the robots were not properly designed, manufactured or tested and hence, unfit for use.”
The case is currently awaiting trial.

Project failure is rampant across all sectors, industries and fields:
  • PricewaterhouseCoopers reviewed 10,640 projects from 200 companies in 30 countries and across various industries, and found that only 2.5% successfully completed 100% of their projects.
  • McKinsey & Company studied over 5000 projects and found that 56% delivered less value than expected, 45% were over budget, and 17% unfolded so badly that they threatened the company’s very survival.

Business innovation, growth and profitability is directly dependent on completion of successful projects.
Avoid these five common causes of project failures:
Lack of Visibility
Lack of Communication
Lack of Technology
Lack of Resource Management
Lack of Project Culture

The aim of science is not to open the door to infinite wisdom but to set a limit to infinite error.......... Bertolt Brech

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