The purpose of the study is to find out reasons for project failure. A project is considered a failure when it has not delivered what was required, in line with expectations. Therefore, in order to succeed, a project must deliver to cost, to quality, and on time; and it must deliver the benefits presented in the business case. Schedule slippage, quality flaws and budget overruns are the familiar symptoms of a project in trouble. In business projects such problems are sadly all too common and improving success rates is one of management’s greatest challenges. It’s estimated that project failures cost the global economy hundreds of billions of dollars annually (if not a trillion dollars). Project revival strategies like specialisation in products, improved stores, better management with suppliers, raising of funds in systematic order, shut down stores with low sales, investing more in research and development etc should be adopted.