ENTREPRENEURIAL OPPORTUNITIES
FEASIBILITY ANALYSIS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following can be the cause of project failure
|
|
Poor project specification
|
|
|
Appropriate staff employed
|
|
|
Project End Report
|
|
|
Risk Owner
|
Explanation:
Detailed explanation-1: -Failing to plan exposes the project to unpredicted high risks and problems. This leads to time wastage in trying to figure out how to solve the challenges that the project faces. Time is money hence the funds of the project will be used in solving the issues that arise from the project due to poor planning.
Detailed explanation-2: -Lack of planning or poor planning can easily lead your project to failure. Spike Cavell’s survey also revealed that 40% of projects fail due to poor planning and lack of resources. Spend time for making a solid plan for your project and it will help you in executing each phase of project smoothly.
There is 1 question to complete.