International Journal of Project Organisation and Management

MCR007
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Project management theory
■ According to theory of project management, a
project process can be divided into:
 Initiating
 Planning
 execution
 controlling
 closing procedure
The primary aim of this theory is that all these process
are close loop. This means planning process offers a
plan which is then actualised by execution process. Then
any variance from baseline or change in outcomes is
done to initiate correction in execution or modification in
further plans (Conforto, et al. 2016).

Project Management issues that
leads to failure
■ Inadequate defining of parameters and incorrect
requirements: weak interpretation of project
requirement leads to project failure where sponsors
do not mention specification documents clearly,
leaving development team out of procedure (Rezvani
and Khosravi, 2019).
■ Poor cost estimate: creating project estimate based
on assumption which is either too less or exaggerated
can lead to failure
■ Insufficient resources: poor availability of people or
resources in project leads to delays or cost overrun in
an attempt to complete the project, leading to
failures.