Getting A New Project Off The Ground
Listen to a Preview
Update Required
To play the media you will need to either update your browser to a recent version or update your Flash plugin.
  Running Time: 7:16 Date: 01/05/2013 Making assumptions - and then sticking to them? No wonder your new project fails o fly! Up to 70 percent of new business projects fail, despite the fact that they may have been based on a great idea. Why is that? Stephen Lake, Federal President of the Institute of Management Consultants, says it's often because too many faulty or inadequate assumptions are made from the start. Expectations are set too high and insufficient allowance made for changing conditions, especially if timelines for success are long. Better to have stages built in, at which the project can be re-evaluated and success measured. But. he says, it is important to have a sound business plan at the outset, and a clear understanding of the resources - including people - that will be needed. And finally, review progress regularly and keep all your stakeholders well-informed. Topics: Business Growth, Business Processes, Management |
 Stephen Lake, Institute Of Management Consultants |