High Failure Rates
Many projects do not meet their objectives, resulting in substantial cost overruns and time delays. These failures can be attributed to poor planning, insufficient resource allocation, or unforeseen roadblocks that hinder progress.
Impact on Growth & Profitability
When internal projects fail, the repercussions are felt throughout the entire company. Financial losses from squandered resources and missed opportunities can stifle growth, making it difficult for the company to invest in new initiatives or improve existing operations.
Reputational Damage
Client-facing projects that perform poorly can cause significant harm to a company's reputation. In a competitive marketplace, reputation is a critical asset. Failures can result in dissatisfied customers, negative feedback, and a loss of trust.