Why Projects and Plans Fail

a) Projects fail for any number of reasons. Many failures can be prevented if the appropriate level of planning is applied. For each of the following reasons of failure, provide a possible solution or preventive measure.

b) Projects are sometimes cancelled. The termination of the project can occur in any project phase. What are the typical reasons that a project may be cancelled by executive management?

c) What are performance measurement baselines (PMBs) and why are they important?