Project management involves leading a team to achieve that project's goals within a stipulated period. The project requires skills, specific knowledge, and techniques to deliver the assigned task. However, the project may face challenges that hinder the project's completion, which massively affects the whole organization. Due to inadequate planning and resources, corporations may not do project management well (Kerzner, 2019).

Every project requires clearly defined project goals. Once risks and opportunities become fuzzy, so is the success of a corporation. The lack of well-defined goals makes it difficult to accurately estimate the project's resources, timeline, and costs, resulting in overruns. Defining the projects' goals helps involve the stakeholders and ensure effective communication of the team members' responsibilities, enabling regular follow-up. Accountability and early engagement help improve initial estimates' accuracy and the overall alignment of the corporation. Unfortunately, many corporations lack the proper training and skills to define goals and effectively delegate responsibilities.

In addition, a project may fail due to the unavailability of the necessary resources required to support the project. Inadequate capability for resource management and lack of time to dedicate to strategizing the project leads to failure. A corporation may have insufficient resources failing to strategize on the project effectively. A project should ensure adequate resources since stakeholders' support is imperative.

For instance, Berlin Brandenburg Airport in Germany has failed to commence its activities as anticipated. The airport aimed to put Berlin on the map as a commerce center; however, the goal was never met. There were conflicting visions of the stakeholders diluting the common goal, hindering the progress at a normal rate. Stakeholders having conflicting goals leads to the failure of a project, for it loses its original ambition.

is there a point where you might inadvertently subtract from productivity by contingency planning?