Abstract
Loss due to a failed project is a big issue. It has various impacts such as decreasing customer satisfaction, as well as causing loss of new business opportunities, increasing workload on other projects, demotivating the members of the project, and eliminating opportunities of sharing a successful experience. In order to make a project successful, we have implemented a variety of measures including quality improvement, the construction of QMS, third party evaluation in compliance with risk management/review requirements, mentoring to project managers, human resource assignment/training, and PM qualification system. These measures have delivered acceptable results. From a company-wide perspective, however, the impact of project loss is still large and has not been reduced so far. Now, considering the previous measures, we need to complete case studies based on the reflections from failed projects and the lessons from high-risk projects for future projects. In this paper, we will highlight effective measures and future challenges focusing on project manager's development.
