“Life isn’t about waiting for the storm to pass…It’s about learning to dance in the rain.” – Vivian Greene –
Over the past few years a growing number of studies have reported significant project failure in terms of delay, cost or delivery.
In 2012, McKinsey & Company conducted a survey on 5 400 large scale IT projects, that showed that 45 % experienced cost overruns ; 7 % experienced schedule overruns and 56 % experienced benefits shortfall.
The survey showed also that 17 % of those large IT projects went so badly that they can threaten the very existence of the company.
Gallup Business Journal reported a study by PwC, which reviewed 10 640 projects from 200 companies in 30 countries across various industries. The study showed that only 2.5% of companies successfully complete 100% of their projects.
A similar study published by the Harvard Business Review–analyzing a total of 1 471 IT projects–found that found that the average overrun was 27%, but one in six projects had a cost overrun of 200% on average and a schedule overrun of almost 70%.
Characteristics of a project in need of a recovery plan :
– estimated budget, schedule, or scope will not be met accordingly ;
– several unidentified risks are slowing the progress ;
– planning is based on unrealistic deadlines, insufficient data, missing items ;
– budgetary constraints are placed on the project ;
– interpersonal relationships between team project are deteriorating the project performance ;
– stakeholder turnover lead to project disruptions ;
– peer pressure and management pressure is high ;
– stakeholder confidence is low or lost…
90% of global senior executives and project management experts say good project management is key to delivering successful results and gaining a competitive edge
However, according Gallup Business Journal : « When it comes to project management, most organizations put their practices before their people. They place more emphasis on rational factors, the process itself, and less on emotional drivers that could lead to project excellence, like their employees’ engagement with the project and company. »
OUR DIFFERENCE : our unique Consulting and Executive Coaching Culture.
– We are providing recovery project management resource to get your project back on track.
– We believe that real failure for a project is to keep going the same way as before.
– We believe that you have all the necessary resources but you need a proper guidance and a different approach.
– We provide a unique methodology for projects recovery based on creative chaos and Executive Coaching techniques.