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Project Delays

oboloo Glossary

Project Delays

Project delays are an unfortunate yet unavoidable part of doing business. According to the official business definition, a project delay occurs when the completion of a task or project takes longer than originally planned or expected, resulting in a disruption of the project timeline. Delays can be caused by a variety of external factors and internal processes, from sudden changes in the market or industry, to shifts in resource availability or project focus, to miscommunication or lack of awareness between team members. In any case, project delays can significantly impact the success of a business, as missed deadlines can lead to missed opportunities, an over-budget project, and a reduced quality of deliverable. In order to avoid project delays, it is essential to establish clear goals and expectations prior to the start of any project, as well as maintain open and consistent communication between team members and stakeholders.

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