Why Construction Projects Failed ???

According To AACE Practice :

1-Failure of the project team to understand and fully comprehend the scope of the project and/or the attendant risks.

2-Failure or poor execution by the project team in developing and implementing a comprehensive plan.

3-Failure by the project team to revise the plan when major changes have been identified and incorporated into the scope of work.

Failure of the major stakeholders (owner, underwriter, and bonding company) to financially support the project as programmed , thus, delaying or stopping the work.

4-Failure of the stakeholders to communicate their different interpretations of the project plan and/or goals.

Alternatively, failure of the project team to reconcile known interpretation of the differences. And,

5-Failure of the project team to develop essential non planning methodologies during project development and execution.