"Project Failure – the Catalyst for Longer-Term Growth"

Akin Oni is a senior project management executive with expertise in Transactions, Program Delivery, Program Management Services and, Project Management Training in multi-industry environments.

Akin holds a Bachelor of Science degree in Mechanical Engineering, an executive MBA in Project Management and various practice credentials, including the PMP. He is also a Toastmaster with Competent Communication and Dynamic Leadership credentials. In his over 30-year career, he has held senior project and program leadership roles, with asset-intensive businesses, accountable for functional and delivery Project Management across continents, with an undeniable passion for People, Planning and Performance.

As a professional, he enjoys helping business leaders and megaproject leadership teams bring strategies to live, in a manner that culminates in value creation and measurable growth.

When he is away from his desk, he enjoys spending quality time with his family, traveling, photography, volunteering, writing, health and all things SOCCER!

Topic Synopsis:

Failure! Be it in private or public life, this seven-lettered word is an outcome that no one wants to associate with or hear more of; arguably not in Q4 2020, with everything else that has happened in the year thus far! However, while views may vary depending on the world in which a person lives, the reality in the world of major and mega projects (Construction, Information Technology, Acquisition, Divestiture, etc.) is that there are more failed outcomes than successful ones.

What is failure? What does project failure mean? Why do projects fail? How may project failure become the catalyst for longer term, sustained growth for project teams and the sponsoring organizations?

Simply put, when a project does not deliver, at least, its pre-defined project management and product’s key performance criteria, it is deemed a failure; most often resulting from a cacophony of controllable and uncontrollable factors. According to industry surveys, more than 95% of the evidently successful organizations today have once experienced significant failure in one form or another, inferring that failure is a sine qua non for development and longer-term growth.

This presentation addresses failure in general discusses project failure factors and concludes with how certain businesses and teams use project failure as a catalyst for longer-term, sustained professional and organizational growth. Yours can, too!

Learning Objectives:

1. To evaluate failure and its challenges in general

2. To discuss project failure factors based on learnings from major Oil, Gas & Mining investments (transactions and construction), and

3. Understands how project failure can be the catalyst for longer-term, sustained professional and organizational growth.

PDU Triangle:

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