Good news for the young people of Britain and the members of the business community who voted against leaving the EU: There is a big chance that, as things stand today, the Brexit project will not succeed.\nOver the past 15 years, I have analyzed thousands of projects that failed: large and small, private- and public-sector, strategic and operational; programs and portfolios of projects. One thing came across very clearly in my research: All the projects that didn\u2019t deliver their expected outcomes were missing at least three of nine characteristics of good project management practices that I identified.\nBrexit misses at least five, so the chances of failure are gigantic. And unless Theresa Mary May, the new Tory leader, and newly appointed U.K. prime minister, addresses all of these weaknesses quickly, the chances of success will get slimmer and slimmer.\nHere's a rundown of the five characteristics of good project management on which Brexit falls short.\n1. Compelling rationale: There are two main reasons why we invest resources (time and effort) in a project: either to solve a problem, or to capture an opportunity. The primary motivation for the people who voted to leave the EU was emotional. They were rebelling against the bureaucrats in Brussels, taking a stand on the refugee issue, betting that the U.K. would save a huge amount of money, and so on. The rationale will be far less compelling when they realize that most of the benefits they voted for were an illusion.\u00a0\n2. Strong charismatic sponsor:\u00a0Probably the single most important characteristic of a successful transformation project is having an energetic, engaged and charismatic sponsor. In the U.S., for example, President Barack Obama was able to pass the Patient Protection and Affordable Care Act in 2010 despite trenchant opposition from the Republican party.\nThe two people I thought might lead the Brexit \u2014 Boris Johnson and Nigel Farage \u2014 have run far away. Is Theresa May going to be the project sponsor now? Does she have the experience of leading large transformation projects? I don\u2019t think so. Is she charismatic enough? I don\u2019t think so. Does she believe in the Brexit? Obviously not, as we know she was more inclined toward the \u201cremain\u201d during the referendum.\u00a0\n3. Buy-in from key stakeholders: The most successful projects occur when all, or at least most, of the key stakeholders (i.e. people impacted by the project who have influence) are in favor of the change. Even better is when they support the project. During the London Olympics, for example, virtually the entire country was behind the project throughout. There was huge support during the bidding, during the construction and during the celebration of the games.\u00a0\nIn project management there is a maxim: \u201cThere is always one stakeholder who will be happy if your project fails.\u201d Well, with Brexit, half the country appears to be against the change, and many will do all they can do to make the project fail.\n4. Clarity of scope:\u00a0The scope defines what the project will look like when delivered. The more we know about this at the beginning of the project, the better we can estimate the duration, cost and skills needed to produce the desired outcome. The opposite also applies: the more uncertainty there is about the scope, the more difficult it is to have an accurate plan.\nThe Brexit project is unique. It has never been done before. Therefore, no one really knows what it entails. I am afraid that not even the most outspoken people in favor of the exit had a clue about the complexity of the separation. Defining the scope of the Brexit will be a painful task that will take months and maybe years. The longer a project takes, the higher the chances of failure.\u00a0\n5. Precise finish line:\u00a0Projects that start with a clear and undisputed deadline have a higher chance of success. Starting without a finish line can make a project drag on for months and even years. There are lots of examples of projects that set ambitious deadlines to achieve unthinkable results. One of the best was during the Cold War years, when President John F. Kennedy set the bold goal of putting a man on the moon by end of the 1960s. That challenge drove an entire nation to accomplish a project that would have never been possible without that insane finish line.\nDeadlines in project management are used to focus the team, increase their attention toward the end goal and, of course, to put pressure on them to perform at their best.\nDeadlines stick in peoples\u2019 minds. Every British citizen knew the date of the referendum: June 23, 2016. Yet, nobody seems to have a clue when the Brexit project will finish. Even worse, they even don\u2019t know when it will start.\nIn project management terms, an activity that has neither a beginning nor an end cannot be considered a project. The Brexit project has yet to be defined, and until it is we are still talking about business as usual.