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Project Delay

oboloo Glossary

Project Delay

The official business definition of Project Delay is when a project is taking longer than planned to complete. This can be due to a variety of reasons such as inadequate planning, unforeseen circumstances, or lack of resources. Project delays can have a direct impact on a business’s bottom line, as they can cause a delay in the completion of a project, which can lead to a decrease in revenue or profits. Delays can also result in a loss of customer confidence, as customers may not be willing to wait for a delayed project to be completed. Furthermore, project delays can lead to additional costs, as resources may need to be spent to make up for the lost time in order to stay on schedule. Delays can also lead to a decrease in employee morale, as employees may feel that their hard work is not being rewarded. Project delays are an unfortunate reality in the business world, and they should

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