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Why does technology project management fail in Latin America?

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Technological projects are an essential tool for the economic, social, and cultural development of any country.

In Latin America there is a high rate of failure in the management of technology projects, which generates loss of time, money, and opportunities. This type of initiative is a major tool for generating economic, social, and cultural development in any country or region.

One of the main reasons why technology projects fail in Latin America is due to the exaggerated protagonism of those involved. Sometimes leaders, customers, suppliers, and users have misplaced expectations; competing interests or hidden agendas that hinder communication, collaboration, and decision-making. As a result, conflicts, delays, sudden changes, and deviations from the initial objective are generated.

Another reason is the lack of technical knowledge and not defining the project well. The vast majority of technology projects start without being planned, without analyzing the needs, without a concrete design, without estimating resources, and without a relevant methodology. As a result, the project becomes inefficient, chaotic, and unpredictable.

How to improve technological projects?

To generate successful projects, it is necessary to foster a culture of teamwork, so that those involved share a common vision, communicate clearly, and respectfully. It is important to train leaders, customers, suppliers, and users with best practices and project management tools.

It is important to establish the project’s objective, schedule, budget, and quality indicators from the outset, also to review them constantly to ensure compliance. Apply an agile and flexible methodology that makes it possible to adjust to changes and market needs. Likewise, it is essential to establish a collaborative and efficient relationship with the supplier, customer management, and end users.

Technological projects provide the opportunity to innovate, create, and transform reality. This requires professional and effective management to achieve success.

Finally, the Universidad Internacional Iberoamericana (International Iberoamerican University) (UNIB) offers the Master in Project Design, Administration and Management. A program that will allow you to learn about updated computerized technological tools in the professional field of project management.

Source: Project management, a headache in the technology industry?

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