List Of Failed Projects In Kenya
In this article Keweb.co tries to answer the question by publishing the full list of Failed Projects in Kenya
Below are the full List of Failed Projects In Kenya
Why do projects fail in Kenya?
Poor Planning
As a serious project manager you have to slow down and think about what your vision for the project is. What are your objectives? What results do you expect to see?
Many dive into the performance and execution of the work because of the pressure that is put upon project managers to complete the job within a specific time window.
Planning is seen as the Project Manager’s responsibility rather than a team activity. Team members need to also give suggestions to ensure that they are not overloaded with duties or worse yet underutilized.
Inadequate resources
Nothing destroys a project quicker or faster, than not having enough funds to move it forward.
Resource allocation is detrimental in every project, you require it to finance the technology, supplies and the workforce needed to successfully run a project.
This is a common risk that is also seen in the NGO Industry, without support from donors or financial grants they cease to operate.
Lack of Communication
One of the biggest reasons for project failure is a lack of communication between team members and managers. This misunderstanding makes it really difficult for not only team members and managers to be on the same page, but also slows down the project execution in many ways.
Project management is a team activity. Without listening to suggestions and giving proper feedback, you are bound to have confusion and gaps in the project.
Inexperienced Project Managers
It is very possible to find project managers that lack the required experience to successfully handle a project.
Project managers are responsible and accountable for project success and if they lack any skill or aren’t able to handle the projects efficiently, the project is bound to fail.
Why do most businesses fail in Kenya?
Poor Financial Discipline
Paying for frivolous and personal matters should not be part of your business’s expenditure. Such financial illiteracy is one of the biggest threats to new businesses in Kenya. A good financial plan, proper auditing, and tracking business expenses, will keep your spending to the minimum.
Why do SMEs fail in Kenya?
Some of the factors that have been cited as major contributors to the collapse of many SMEs include poor management, inability to manage and account for funds including bookkeeping and accounting, and inadequate access to credit among others.