31/01/2023
According to surveys, only 35% of all are considered successful. This means, that around 65% of projects fail to achieve their goals or go or .
But what if it were not desirable for all projects to succeed? Projects are organizational goals for , , and . They are daring into the unknown. If you always reach all your goals, the only explanation would be, that your goals are not ambitious enough. Same with projects, if you deliver all your projects to the satisfaction of your stakeholders, probably stakeholders should rethink their contentment criteria.
Antonio Nieto-Rodriguez classifies projects according to (with respect to size, scope, number of stakeholders and their alignment) and (degree of innovation, previous experience, allowed budget and clarity of the outcome).
🔷Efficiency projects are a must to keep organization running and , comply with and operate on a solid technological ground. They should be 100% successful. Anything lower will means lower and suboptimal .
🔷 Sustaining projects aim to grow and expand the organization beyond the core business. Project leaders should invest time and money on setting, aligning with the current and have about the desired outcomes before starting the project. These types of projects should aim for 75% success rate. If it is lower, it means that organization is too conservative and not taking enough .
Transformative projects – are radical , that disrupt industries and markets, create new and new . These are the riskiest and the most challenging, only a handful of ideas of this kind can succeed. The focus here is on the and not project success goal is to fail fast and learn fast. If you can reach 30% success in these types of projects, you can be proud of your innovation teams.