Question

The Center for Project Management in San Ramon, California, examined 24 IT projects and compiled a list of ten dumb mistakes. The center then presented this list to 50 conference attendees and asked them to grade their organization on each mistake. The average grade was between a C+ and D. Here are the ten mistakes: 1. Mistaking every half-baked idea for a viable project. 2. Overlooking stakeholders, forgetting the champions, and ignoring the nemesis. 3. Not assessing the project's complexity. 4. Not developing a comprehensive project charter. 5. Not developing a comprehensive project plan. 6. Not designing a functional project organization. 7. Accepting or developing unrealistic or unachievable estimates. 8. Accepting status reports that contain mostly noise and not enough signal. 9. Looking back and not ahead. 10. Not following a robust project process architecture. Read the above list and find an example of a project for which this is the case. The project can be one that you have personal experience with or that you have read or heard about. Describe the example and state which of the mistakes was made with respect to the project. (Note that there may be more than one for a particular project.) If you choose a project in the news, provide a citation so that your classmates can read more about it. Minimum length of response is 100 words. Respond to at least two other student posts.

Answer 1

Project: 

Starting a start-up for selling Apparels online . The start-up ran well for few months, but then it started showing any rise in profit and hence growth is stopped. It started showing loses, and finally it has to be shut down

Mistakes done :

·        Not assessing project’s complexity. We were not able to think about the problems that we will face when the project comes to operations.

·        We did not have proper and structured project tracker and timeline . So , we were not able to keep a check on what has been done and what is left.