How to Fail Successfully

Project Managers Can Hone Leadership Chops Even When Closing down a Doomed Project

We all love success stories. Most project case studies offer a happy ending after detailing obstacles and the solution that emerged. But we all know some projects fail—indeed, failure can become inevitable or prudent given the circumstances. The organization might decide to shift direction and pull the plug on a project, or funding could dry up, or a technology is a bad fit for the business. In situations like these, project managers need to know how to fail successfully: They have a responsibility to the organization and all stakeholders involved.
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