3.1 Description

Description

Interesting project facts:

  • The US spends 2.3 trillion $, ¼ of its GDP on projects (US Data & Statistics)

  • On average, large IT projects run 45 percent over budget and 7 percent over time, while delivering 56 percent less value than predicted (McKinsey & Company in conjunction with the University of Oxford)

  • Survey shown an incredible fact: 70% of organizations have suffered at least one project failure a year prior to the survey's publish date! (KPMG survey of Project Management practices in New Zealand)

  • Only 40% of projects met schedule, budget and quality goals (IBM Survey of 1,500 change management executives)

  • Best organizations are 10 times more successful than worst organizations (IBM Survey of 1,500 change management executives)

 

=> Need for a mature framework to get in control – PMBOK is one of the most recognized ones.

 

 
Trying to manage a project without project management is like trying to play a football game without a game plan.” — K. Tate