Sudhir Kumar

In this article I am going to tell you about the facts of project failure in small industries.

Here project failure means not completed on lead time, I personally observed in two years why small industries unable to complete their project on lead time. Whatsoever in this article it is only my observation not applicable for every industry so let’s start the reason of failure.

1.     Communication gap with client

2.     Capital exhaustion

3.     Wrong planning

4.     More involvement of owner for every decision

5.     No trust on management team

6.     Less confidence of decision making

7.     Right decision on wrong time

Communication gap with client

During business finalization wrong commitment of project lead time, it is the key factor of project delay so when we talk to our client about the project lead time then we have to clarify the how much work and how much time need to complete it. 

We should have clarity about the project and no hesitation to talk to client, be frankly about lead time.

Capital exhaustion

Maximum small industry’s owner have same issue.it is not a small issue we can’t ignore it.

It takes major role in project delay, small industry’s owner have no idea how to manage financial crisis and where to invest and when to invest.

Wrong planning

Maximum small industry’s owner never consider existing project which is in running condition, as you know small industry works on owner’s decision, they have no proper department.

More involvement of owner for every decision

It is the major factor of project delay when we have no authority to take any decision then it is very difficult to work according to lead time.

It is bitter truth in small industry every decision is taken by owner, no trust on employee.

After every task completion we have to wait of owner approval, we can’t share anything without it and this small delay makes bigger delay.

No trust on management team

Normally small industry’s owner have no trust on their management team they always think may be their employee will take wrong decision and it affect their business but it is not fact never, any employee will take such decision which affect the upcoming business so owner should have trust on them.

Always employee know better than owner how much time need to complete the project,I think owner should call a meeting and listen once what their employee’s opinion before commitment of project completion time.

Less confidence of decision making

If you do not trust on your team then you have decision making power otherwise we all know delay decision makes project delay.

Right decision on wrong time

I personally observe many times few owners never take right decision on right time.

They always take right decision on wrong time. I know you will be thinking about right decision on wrong time then I tell you in detail.

Right decision means every decision which is taken by management is always be right only timing may right or wrong.

Which decision should take right now but management take after a week, a month then the timing is wrong while decision is right this is called right decision on wrong time.