The impact of poor planning on the duration and cost of the projects The implications of poor planning on the projects

Abstract

This study explores how inadequate planning affects the duration and cost of projects, based on a questionnaire survey conducted among project management practitioners. The survey aimed to evaluate the impact of poor planning on key project outcomes, including risk forecasting, project success, and overall cost and time efficiency. The results show that 55.8% of respondents believe that poor planning significantly impacts risk forecasting, while 60.4% reported a major negative effect on overall project success. In response to these challenges, project management teams implemented various mitigation strategies, with 34% focusing on enhancing communication and 26.4% reorganizing execution phases and increasing fieldwork.
Additionally, when reflecting on lessons learned for future projects, 77% of respondents recognized that they gained valuable insights, while 23% indicated only partial learning. The findings emphasize the crucial role of effective planning in reducing delays and cost overruns, as poor planning was seen to significantly increase both. This highlights the necessity for better communication, strategic reorganization, and more flexible planning processes to ensure successful project delivery. In conclusion, the study illustrates that effective planning is vital for project efficiency, and failing to plan adequately can lead to heightened risks, extended timelines, and increased costs, making it a key area for ongoing improvement in project management..