Why Implement a Project Knowledge Office
Risks in projects, regardless of context, size or technology, have a common thread. The chief project risks are often the fundamental reasons why projects fail. They are many and varied, with some more important than others. However, evidence shows, and the project management literature states, many of the reasons for project failure include, but are not limited to:
- Lack of agreed vision or outcome for the project.
- Scope and direction changes in the project.
- Difficulties in implementing a project due to conflicting priorities and limited budgets or fixed budgets.
- Poor planning of the project due to the poor project management skills of the team, or lack of time or leadership.
- Poor communication between project customers, system users, project implementers and other stakeholders. This leads to different expectations, 'surprise' outcomes, lack of 'buy-in' from stakeholders and generally poor relationships.