September 6, 2018 / GuidesFor Team
Projects fail. It is a fact of life. A Gallup study indicates that 5-15% of IT projects fail completely. It also costs companies 50-150 Billion dollars annually. That is in the United States alone.
Given those figures, the median figure of 100 Billion is no joke. Project Managers as the people ultimately accountable for the failure can be replaced in the hope of salvaging the project.
However, transitioning the team from one leader to another is not a simple task. Having someone new just take over a project will most likely just result in repeating the same mistakes while creating new ones.
This article from Project Times talks about the steps on how to replace a project manager to prevent making new holes in a sinking ship.
Posted In: Research