Key Challenges Of The Key Reasons For Project Failure

It is interesting to explore why IT projects failures. Most of the challenges are related -with the human approach. Keeping in mind the class discussions I believe that most of the factors mentioned in the article are the key reasons for the IT failures in following ways:
Complexity: Major IT projects have a high degree of complexity due to new technology. Systems and processes become more fragile as people try to cater for this complexity in a tight timeframe and with workarounds. The complexity eventually overwhelms the Project managers which will make the project go out of control (Kogekar, 2013)
Insufficient Communication-For the successful implementation of the project plan frequent communication with business users, sponsors and external

Governance: In large organizations, stakeholders such as risk managers, compliance staff, methodology experts all have their own rules and expectations which greatly increase the demands on project staff resulting in either delays or failure.
Lack of Evaluating the situation-Another factor for Project failure is because of narrowly looking the issues rather than going deeper and identifying the route cause.
Involvement of Financial Personnel-According to the article, they are in a position to influence and guide an organization, it is advisable to involve them throughout the project so that they can identify where a large project can be broken down if needed (Martindale, 2015).
However, on the other hand I feel the article did not elaborate on other critical factors such as:
Pulling the plug at the right time-It is always advisable to stop when a project goes bad. Managers need to think that there is a possibility that the wrong technology might have been picked or there has been a change in requirements. Any of these can lead to a cost-prohibitive

Normally the IT projects starts with the approach of directly jumping into the project and starting the work, which is not advisable at all. For achieving the desired results and quality, proper planning is required (Mochal, 2009)
Manage and monitor the schedule and budget-As we all know that no project ever advances as it was planned, that’s why timely check on the budget and processes are required.
Identifying the warning signs: As a Project Manager, look out for the warning signs that might put your project in trouble.
Safeguard against scope creep-As an efficient Project manager safeguard your project from a series of small scope changes which may pile up and have a significant overall impact on the project (Mochal, 2009)
Identify risks up front-In the planning phase, the project team should identify all potential risks and what is the probability that the risk event will occur. This will ensure speedy action
Training -To prevent a situation in which team members lack the necessary skills for the project, utilize a mentoring approach for less-experienced employees. Also, include required education in the overall project