Project misses the mark on scope, cost, time and business KPIs. Lessons learning occurs.
Project is viewed as a ‘failure’ and go down the history as such.
Are these ‘failed’ projects truly failures if any amount of knowledge is gained that would benefit future efforts?
The value of these failures may be well realized as lessons to build upon into similar future effort(s) and in turn, would contribute to its success.
With rapid pace of technological advancement and need for constant innovation, in my view, organizational environment without a growth cultural mindset has scope to mature and factor these complexities and uncertainties. Acknowledge failures can mean success and are a part of innovation and continuous learning.
Now, one may still argue, “Well, these projects still sound failures since it didn’t perform well on the key performance metrics.
What are your thoughts?How have you or project leaders in general, can help nurture an environment that tolerates failure and accepts as a pathway for innovation and learning for future initiatives?