A well-conceived, well-managed project is one that has been given a chance to succeed. Conversely, a poorly managed project may fail regardless of its conceptual viability. If a project fails, yet is well managed, then some positive effects can probably be salvaged—even if the outcome is merely a list of lessons learned. In such a project, the problems will likely be well defined, making it possible to avoid similar entanglements in the future. In a poorly managed project, the root causes may never be uncovered.