On May 26th, the Chapman MBA lecturer of Project Management, Mr. Piotr Wójtowicz, Ph.D, M.B.A. introduced his topic Dealing with business changes, and how well enterprises cope with them. Piotr Wójtowicz currently works as Global Head of Process Architecture & Quality at DHL Global Forwarding; therefore he has a deep insight into the topic.
During his open lecture, Piotr discussed a very well established discipline of the General management: Project Management. One could expect that we should have been able to observe a continuous improvement in the way projects are being delivered when it comes to management of their duration, cost and quality of deliverables. But, the reality is different! Seeing some statistics on business projects performance over years, the audience was surprised. Why business projects fail and how to prevent their failure was the main theme of the evening.
During the first part of the lecture, Piotr Wójtowicz explained how to asses effectiveness of any project and what factors have a positive impact for a projects’ success in terms of scope, quality and budget. For example, small projects with a lower investment have much higher chance for success. Therefore, a solution can be to split a huge investment into smaller fragments.
In the following Q+A part, many experts from the field and interested students discussed the key reasons of projects failures such:
- Lack of resources
- New technology
- Unrealistic expectations
- Technology incompetence
- Lack of user input
Finally, in the course of a very interactive debate, all participants agreed on the success factors of any business project. Among others, the most important are: Executive support, User involvement, Proper planning and Emotional maturity. And, without realistic expectations, no project can be successful!