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.
registered user content locked

Log in or join PMI to gain access

or Account Registration

Advertisement

Advertisement

Related Content

  • PM Network

    Breathing Room member content locked

    By Stetson, Chris Take a glance at the calendars of your project team members: Are they a back-to-back kaleidoscope of color with no break between meetings? In the short term, scheduling meetings like this can seem…

  • PM Network

    Controlling Interest member content locked

    PM Network queried the project management community about dealing with micromanaging sponsors.

  • Project Management Journal

    Leading through Innovation Project Setbacks member content locked

    By Todt, Gisa | Weiss, Matthias | Hoegl, Martin The failure rate of innovation projects is substantial. Even innovation projects that fare well are sometimes terminated before completion. However, given the importance of innovator passion and…

  • Project Management Journal

    Project Manager's Competences in Managing Project Closing member content locked

    By Wen, Qi | Qiang, Maoshan Closing is a strategic but frequently overlooked project phase, in which project managers play pivotal roles as project team leaders. This study pinpoints project managers' competences underpinning…

  • PM Network

    Ready, Set, Stretch member content locked

    By Bishel, Ashley A strategic skill set can guarantee a static career. But for project professionals eager to be recognized, get promoted or take on more ambitious and complex projects, an expansive skill set is a…

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.