BFM 89.9
The Business Station
The $8.8T Problem: 5 Phases to Avoid Project Failure
35 mins
·
11:00, 7 Jul 2025
·
Recommended
39 mins
35 mins
Guest: Preeta Nair, Founder, Global Alliance Digital Competency Academy - GADC Academy
Globally, poor project performance wastes an estimated $8.8 trillion annually. From stalled tech rollouts to major budget overruns, why do so many business projects fail, and how can leaders fix the processes that lead to these costly outcomes?
Project management trainer Preeta Nair, founder of the GADC Academy, joins us to break down the fundamentals of successful project management. She moves beyond simple checklists to explore the art and science of planning, execution, and risk management, and reveals how AI is set to revolutionise the field by automating up to 80% of project management tasks by 2030.
We discuss:
The five phases of any successful project, from initiation to closure.
The most common reasons projects fail, including poor planning and "scope creep."
Why the project manager's most critical role is as a "risk manager."
How AI can automate low-value tasks to prevent common failures.
The future of the project manager role when AI takes over the busywork.
For business leaders and managers looking to improve their project delivery and future-proof their teams, this is a view into the principles of effective project management.
Presenter: Roshan Kanesan
Producer: Roshan Kanesan
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