7 Reasons why your technology initiative might fail

It’s really frustrating for the entrepreneurs while they spend months planning their technology initiatives but never could be implemented. This not only bruises your ego, but also let you face unforeseen and untold financial damages and impair your aptitude to complete other projects.

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Here are the 7 key reasons why it happens –

  1. Indistinct goals – If your entire team knows and understands the underlying goals of the project, they would try to make decision in alignment with what you want to accomplish. The members should be on board in a way that not only intimates them what to do but also explains the ‘why’.
  2. Clashing initiatives – Sometimes your goals are complementary while sometimes they may be at odds. If you don’t want your initiatives to fall into political abyss, involve others during the planning phase. And as the project matures, keep communication free-flowing so conflicts can be avoided. At the end of the day, conflicts usually result in overlapping cost and so you should avoid it by all means.
  3. Cost – This is one of the most overwhelming concerns in most organizations. To ensure that your initiative stays within proper budget structure, you should have a Return on Investment (ROI) for each of your initiatives. A rational ROI is the most important aspect of any project. And this shouldn’t be to ‘make profits’ only. Rather, this should be represented in a concise, quantifiable and transparent metrics rightly communicated all through the organization instead of the stakeholders of the team only.
  4. Improper technology – Sometimes your chosen technology may be too buggy or new or simply unable to meet your initiative goals. The only way to make sure your software is the most suitable one is to solicit as much feedback as feasible. For instance, if you’re introducing new Customer Relationship Management (CRM) software and haven’t yet discussed the whole project properly with your sales team then it might not be possible for you to be sure that the CRM you’ve chosen is the perfect fit for your company.
  5. Bad tactics – Irrespective of the quality of strategy, your initiative might not succeed owing to tactical execution issues. As the proverbial rubber meets the road, your tactics might be incomplete, in incorrect order, depending on bad assumptions and just end up as bad ideas. You can protect your initiative from poor tactics by using peer review to recognize potential issues.
  6. Poor project management – Depending on the scale of the project, a good project manager can control every critical aspect of the project and communicate correctly with the key stakeholders. So prior to you initiate the project, decide how you’re going to manage the project, setup correct milestones and a communication plan as early as possible.
  7. Communication – This plays the most important role while planning a project. Your team members should be informed about all the nitty-gritty including underlying goals, project plan, who the stakeholders are, who would fund the project, what to do if you’re going over budget and everything else significant. If your people are not well aware of the aspects of your initiative they may not successfully implement it.

Almost all the reasons discussed above are applicable to any technology initiative being implemented within your organization.

This content has been written by Sam. She has 5 years of experience as a content writer and she has written articles for many reputed websites like DX News, Rocketnews etc.