The paper "Executing a Project to Ensure Its Success" is an exceptional example of a case study on management. Project management is the procedure which entails the use of knowledge, tools as well as techniques to projects actions in order to meet the needs of the project (Mascia, 2014). In addition, project management is considered an interconnected set of operations that allows the team concerned with the project to attain a successful project. These operations take care of inputs and at the same time develop outputs from particular activities therefore the advancement from input to output needs incorporation as well as iteration (Mascia, 2014).
Project management involves initiating, planning, executing, monitoring and closing, and final closing of the project. These stages of project management correlate interactively so as to ensure a smooth transition of operations producing a desirable output. On the other hand, some projects end up failing catastrophically due to the utilization of unstructured processes and at the same time ignoring the aspect of project management. Project failure is commonly attributed to causes such as schedule slippages, budget overruns as well as flaws in the quality in which they deliver (Frame, 2014).
Therefore, enhancing success rates for a project has become a huge challenge to management. Statistics have indicated that project failures all over the world have cost the world economy hundreds of billions every year which is a serious drag on the economy as well as a risk to the feasibility of the company carrying out the project and at the same time stressful for the individual involved. Therefore, this reflective report will identify three root causes of project failure in Yida Co.
Ltd. Furthermore, it will assess the various mitigation techniques and thus provide various lessons regarding project management. Firstly, the root cause of Yida’ s project failure was the fact that Yida was not able to meet the expectations of Kaye regarding the AHZ software. It was particularly developed to take care of the fee-calculation for Internet Service Providers (ISP) by processing as well as maintaining the account information of both individuals within the firm and the company itself (Coaster, 2015).
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