Project failure is common. But what is failure?
A failure can be defined as the loss of the entire project or something can go wrong in one or more aspects. Most organisations are concerned with time, money and quality. Of course, there may be different viewpoints from differing organisations as to what constitues failure. For example, if a project is slightly overbudget but otherwise has delivered exactly what was required, is this a failed project?
PRINCE2 can be utilised to help avoid complete or partial failure in either IT or business projects.