A good project plan can make the life of a Project Manager (PM) as well as the team members easy. As a Project Manager, you have worked hard on the following activities:
- Collated and froze the requirements
- Formed a competent and diversified team
- Done the budget estimation and activity planning
- Done a detailed SWOT analysis
Many times things can drastically change once the project progresses and massive changes can have a major impact on the Project. It could also lead to a project closure e.g. The technology that is being used in the development becomes obsolete or holds no value due to which there are no takers for the product that was under development.
As per a report, more than half of the IT projects fail that result in millions of dollars in lost funds. Wirke that specializes in project management software has come up with an informative infographic that lists down some of the techniques that can be used to avoid Project Failure. 
Infographic brought to you by Wrike hosted project management software