Software Project Failure

I was reading a post about software project failure today. It just so happened that earlier today I was pulled into a meeting with a project manager and a VP about one of the projects I am working on and am the "team lead" on. They wanted an update on our progress. I must confess that I haven't been doing too good of a job of keeping the whole team, including the PM, up-to-date on the progress of the project. I guess I just assume that everyone knows where we're at... We do have bi-weekly status meetings, but they are "lacking" to say the least.

Honestly this is the first project I have had any sort of management role in. I really don't enjoy it at this point, I would rather just be a coder doing my own thing (my part of the project). I don't want to fail in this role on the project though -- although I can't help but feel like the project is heading towards failure. Maybe I shouldn't say failure, but I really don't see it happening anywhere near the scheduled completion date.

There are a lot of reasons I feel like that, most if not all can be found in this article about classic mistakes on software projects. I am going to send this link to several people at work. Hopefully being aware of these mistakes will help us -- including myself.