The document discusses eight common predictors of project failure: 1) limited technical understanding, 2) no clearly defined strategy, 3) insufficient understanding of technical impacts, 4) discouraged collaboration, 5) a poorly structured plan, 6) not recognizing when plans are broken, 7) team leaders faking experience, and 8) being too cozy with vendors. It advises project managers to remain professional, suggest better alternatives to decision makers, and look for ways to make progress even in difficult environments.