Post-mortem of a Project Failure

All of us execute a project and it is not necessary that the project will be successful every time. The project can fail at any moment. What to do in that case? Who is responsible for this moment? Remember that a project success goes to the credit of the entire organization while the blame for a project failure goes to the project manager only. A project could fail due to several causes, like insufficient information, insufficient budget, lack of resources, poor quality of the delivered output, continuous rework, poor communication, and many others.

A project manager should be on alert while executing the project as the blame for failure goes to the project manager directly without any excuses. Now the big question can be raised – what should a project manager do in the situation of project failure? Should she or he resign from the position and quit? Obviously not, s/he should work on the post mortem of the project failure. Why did this project fail? Who else is responsible for the same? Was the budget sufficient enough to run the project? Let me discuss some important reasons for the project failure which can be beneficial for your project as well.