The above words came from a British Computer Society report recently published by Dr John McManus and Dr Trevor Wood-Harper. It comes hot on the heals of the Gartner Report which I mentioned in a blog last week.
The report examines 214 projects covering 1998 – 2005 with just over 40% of the project value being €10m-20m. The research highlights that only one in eight information management projects can be considered truly successful (failure being described as those projects that do not meet the original time, cost and quality requirements criteria).
Of the original 214 projects 51 were cancelled (23.8%). The authors cited a range of reasons for this which included:
• business strategy superseded
• poor requirements management
• business benefits not clearly communicated or overstated
• Governance issues within the contract
The report goes into more detail than I can here but it highlights yet again the problem of project failure. Is well worth a read.
This is the 2nd successive week I have written about a lack of success in the project management world. So, is project management getting better? To me, these statistics show that project management does not seem to be getting any better. However, what is your perspective on this? I had some interesting comments on Linkedin (www.linkedin.com) and at the end of my blog Project Management Is it Getting Worse? comments. I’d be really interested in your views.