Lessons Learned

Introduction Innovation project management is the process of planning, organizing, and controlling resources to achieve specific goals and objectives. It involves managing innovation projects from conception to delivery, ensuring that they are completed on time, within budget, and to the required quality standards. However, despite the best efforts of project managers, innovation projects often fail. In fact, according to a study by the Project Management Institute (PMI), the failure rate for innovation projects is estimated to be around 25% (PMI, 2020). In this blog post, we will explore the importance of innovation project management and the lessons that can be learned from failure. ...

The High Cost of Outsourcing Failures Outsourcing has become a popular strategy for businesses of all sizes, allowing companies to reduce costs, increase efficiency, and focus on core competencies. However, outsourcing failures can be costly, both financially and reputationally. A study by Deloitte found that 70% of outsourcing agreements fail to meet their expected objectives, with 50% of companies reporting significant financial losses due to outsourcing failures. In this blog post, we’ll explore the lessons that can be learned from outsourcing failures. We’ll examine the common mistakes that companies make when outsourcing and provide practical tips for avoiding these pitfalls. ...