In October 2017, the Project Management Institute conducted a study to observe program and portfolio management professionals and interviewed about 4455 project management professionals, 800 project management office directors and 447 company executives from different sectors, including IT. The study that they created showed results that were not quite surprising, but in dire need of measures to improve the numbers.
On an average, only 56% of projects run by IT companies are completed on time and that 60% of them respect the budget allocated to them. 14% of these projects are considered complete failures while 70% reach the objectives set, according to the professionals interviewed.
According to the institute, of the $100 million invested in projects by IT organizations, $9 million is lost as a result of the unfortunate focus of inefficiency.
How do we explain these results??
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